Team StartupCity

• Miko raises $10.5 million led by iHeartMedia.
• Partnership to integrate iHeart audio content into Miko robots.
• Expansion underway in North America through Costco launch.

Mumbai-based robotics startup Miko has raised $10.5 million (about ₹93.5 crore) in a new funding round led by iHeartMedia, the leading American audio media company. This comes nearly a year after Miko secured $15.8 million in its Series D round from IvyCap Ventures Advisors and other investors.

Founded in 2015 by Sneh Vaswani, Prashant Iyengar, and Chintan Raikar, Miko specializes in developing emotionally intelligent AI robots designed to educate, entertain, and interact with children. Its flagship products, Miko Mini and Miko 3, use AI, robotics, and IoT to create engaging and personalized experiences for young users.

The latest investment not only boosts Miko’s growth but also marks a strategic partnership with iHeartMedia. Through this collaboration, Miko will integrate iHeart’s vast audio content library into its robots, enriching interactive learning experiences.

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Sneh Vaswani, Co-Founder and CEO of Miko, said, “This partnership with iHeart marks a pivotal moment in Miko’s mission to make AI companions part of everyday family life”.

Miko currently serves customers in over 140 countries, including the US, Europe, and the Middle East, and continues to strengthen its global footprint. The brand has recently partnered with retail giant Costco to expand its retail presence across North America.