What Happened to Codi Robot After Shark Tank?
What is Codi Robot?
Codi Robot is a child-oriented artificial intelligence educational tool. It incorporates instructor-created content and caters to the requirements of developing minds.
Children are entertained and educated by the 8.5-inch robot, which is powered by AI technology. It narrates stories and performs popular songs to help children’s brain growth.
Codi may be used to help children with their language skills and even to teach them chores like brushing their teeth. One notable advantage is that it promotes social-emotional development by aiding in the digestion of emotions via the use of stories.
William Mock, Dayu Yang, and Chris Oslebo, three tech-savvy entrepreneurs, created Codi Robot. Pillar Learning, the company’s core product, inspired it. Codi Robot’s mission is to help students grow during their early years.
Who is the founder of Codi Robot?
Codi Robot was founded by three technologically adept entrepreneurs, William Mock, Dayu Yang, and Chris Oslebo.
They have a wealth of experience in product development, manufacturing, and e-commerce. Mock, a former kindergarten teacher with a Master’s degree joined the company in March 2018.
According to the three who present their story to existing and potential parents, their goal is to “use modern technology and educational research to fulfill the developmental requirements of every baby.”
Codi uses artificial intelligence and voice-enabled learning algorithms to provide appropriate, personalized information to youngsters.
He sings, tells stories, and engages youngsters in simple tasks like cleaning their rooms or brushing their teeth. The information offered is based on their interests as well as their parents’ wishes.
The robot stands 8.5 inches tall and has large eyes, light-up antennas, and color-changing ears. He comes with plush “pajamas” that kids may dress him in.
Parents maintain control by communicating with his computer chip via a smartphone app. A new robot will set you back $125, while clothing will cost you 10 dollars for every item. They may be purchased via Amazon as well as the company’s website.
What Happened to Codi Robot’s Pitch on Shark Tank?
William Mock, Dayu Yang, and Chris Oslebo seek an investor for Codi, a story-telling, educational robot, in Shark Tank episode 1125. They’d want to enlist the help of a Shark for marketing and distribution.
William, Dayu, and Chris entered the Shark Tank in seeking of $500,000 in return for a 10% stake in their business, worth $5 million.
They tell the story of their products and make their case. All of the Sharks have a taste of Codi. They cost $25.76 to make and $149.99 to sell.
They generated $260,000 in sales with a 10% gross profit margin the prior year. In the future, a paid edition of the Codi app is in the works.
Lori feels the market was competitive, so she goes out.
Robert feels the guys were capable project managers, but he believes the kids will become tired of it; he’s out.
Barbara exits because she does not feel it will be profitable. Mark believes they won’t be able to scale; he’s out.
Kevin believes that Google and Amazon are working on similar projects; he was also intrigued.
The sharks have all fled, but the people continue to trade. They anticipate selling 16 million units in a year.
Their manufacturer, who was also a shareholder in the company, was providing them a discount on direct import purchase orders from retailers. They want a Shark to help those secure stores.
Robert reappears just as they are about to exit the Tank. He makes an offer of $500,000 for 25% equity shares, which they accept, and the presentation ends with a deal.
What Happened to Codi Robot After Shark Tank?
After the show aired, the three pals left the pitch with an agreement, but the deal with Robert was never finished. In January 2021, the robot was named one of Healthline Parents’ Best of 2021.
The company is still in business as of January 2022, with annual revenue of $1 million.
Codi Robot’s Competitors
Codi Robot has a slew of competitors in the market. Waldo, Hellosaurus, MODI, Nybble, Photon Robot, Kamibot, Sphero SPRK Edition, Dash & Dot, KidX Classbox, Chatterbox Smart Speaker Kit, robo, Cue, Cherokey 4WD Basic Arduino Robotics Kit, Dancebot, Erle-Spider, Hello Ruby, and Dacobots are other examples.
Codi Robot’s Net Worth
During the pitch, the firm was valued at $5 million. Since then, the company has a net worth of $2 million.
Codi Robot FAQs
How much does it cost to buy a Codi Robot?
The robot costs $125 to buy, with an additional 10 dollars for each extra piece of clothing. Children may select from six colors.
How long does it take to learn how to use Codi Robot?
It only takes one minute for them to learn how to use the robot, and they can be taught new tricks as they grow older.
How does the robot fit in with other children?
Codi is a basic robotic toy. It’s not as lifelike as other robots, and it is not as advanced as many of the other versions on the market.
What is it like for children to learn to use Codi Robot?
Children are entertained. They watch him sing songs and engage them in simple tasks like cleaning their rooms or brushing their teeth. It empowers them by helping them go through everyday activities without stress or anxiety.
Codi’s contribution is adding to the child’s self-confidence, self-determination, curiosity, and independence. These help children grow and develop in an optimal manner. In addition, he tells stories at bedtime or just before nap time.
What are some of the things that kids may do with Codi Robot?
They may listen to him sing songs and give them instructions such as cleaning their room or brushing their teeth.
Is Codi Robot safe?
Codi Robot has a safety feature built in. He will not hurt children, and he will only assist them in good ways.
Can kids make the robot move?
They can use the power button on his back to turn him on and off as they like. They do not need to be at the controls of Codi, but they can use their phones to initiate any commands.
How can kids communicate with other people?
They can chat with other children, who have the app. Codi Robot also posts stories on social media.
What is the best age group to use Codi Robot with?
He’s ideal for children between the ages of 3 through 12. He’s especially good for preschoolers as they learn to interact with technology, and he’s also good for children who are learning to read, as he can tell them stories in many different ways.
How often do you have to charge Codi Robot?
There is a battery inside of him that lasts about 90 minutes on a single charge.
Is it possible to take off or put on the robot’s clothing?
The robot’s clothing can be changed by removing the screws on his back. It can also be washed in the washing machine, but it’s recommended that they hang it up to dry rather than put in a drier, so that the paint does not chip off.
Is there an app for Codi Robot?
Yes, there is a free app for both Apple and Android devices that gives them access to all of Codi Robot’s features.
Is Codi Robot available in stores?
He’s not at retail yet. There are people trying to get him there, but they have not succeeded.
How long does it take Codi Robot to build?
It can take up to three days for a machine shop to build him, and it takes about 20 minutes for an experienced person to assemble him.
What programming languages does he use?
Will the robot be in stores soon?
The toy company is working on getting him into retail.
What is the Codi Robot’s weight and size?
He weighs about two pounds, has a height of 12 inches, and uses AA batteries. His clothing adds up to two more pounds.