Abii Robot Shark Tank Update | Abii Robot after Shark Tank

What is Abii Robot? Who is the founder of Abii Robot?

Abii Robot is a programmable toy robot designed for children, particularly those with learning impairments.

The company, founded by CEO and Founder Laura Boccanfuso, who has a Ph.D. in Computer Science and Robotics and a specialization in socially supportive robotics.

Abii was first developed to assist children with specific learning problems, but it was found that it could benefit any student struggling with math.

The robot combines a specific arithmetic curriculum with AI and can detect when a student is not paying attention and redirect them.

It uses data from each student to personalize instruction for maximum success. The robot is durable and has been sold to schools and after-school programs for an infinite number of children for $999 and a home version for $599 for up to three children. The company has raised $1 million in venture finance.

What Happened to Abii Robot at Shark Tank pitch?

Laura Boccanfuso, the CEO and founder of Abii Robot, pitched her business to the Sharks on Shark Tank, seeking $300,000 for a 10% stake in her company, which is valued at $3 million.

The Sharks were impressed by the robot and Laura’s demonstration, but they had concerns. Laura primarily sells her products to schools and had sold 700 robots since the company’s inception.

A home version of the robot, priced at $599 for use by up to three children, was also available. Laura hoped to sell an additional 3000 units in 2020.

However, the Sharks had concerns about the challenges of entering the education market and decided not to invest, so Laura left the pitch without a deal.

What Happened to Abii Robot after Shark Tank?

After the Shark Tank pitch, Abii Robot continued to grow their business. The company launched a new website in June 2020, geared towards parents, as the Covid-19 pandemic led to an increase in homeschooling.

The company was named the Best Invention of 2020 by Time Magazine and as of June 2021, it has $4 million in annual revenue and is expanding.

They are also seeking additional funding through Start Engine. The company reported success in a pilot program with four schools, with 67% of students improving by 34% after just three sessions with the robot.

As a result, they were awarded a grant from the Department of Education to deploy their robots in 16 school districts, serving over 1,000 students.

Net Worth of Abii Robot

The net worth of Abii Robot has grown significantly since the pitch on Shark Tank, where the company was valued at $3 million.

With the company generating a revenue of $4 million in 2021, it is clear that the net worth of the company has increased.

Abii Robot FAQs

What is Abii Robot?

Abii Robot is a robot that assists in learning arithmetic. It combines a specific arithmetic curriculum with artificial intelligence; it is capable of detecting when a youngster is not paying attention and redirecting him or her.

Who is the founder?

Laura Boccanfuso is the CEO and Founder of Abii Robot.

When was Abii Robot founded?

Abii Robot was founded in 2016 with the goal of designing and building robots to assist children with learning impairments. Laura holds a doctorate in engineering and computer science, with a specialization on socially supportive robotics.

How much was she asking on Shark Tank?

Abii Robot was pitching for $300,000 which was 10% of her company at value of $3 million.

Did she get the deal?

No, she did not get the deal.

Is Abii Robot still in business?

Yes, Abii Robot is still in business.

What is the revenue?

Abii Robot has revenue of $4 million and its current annual sales are increasing. So, according to our opinion, Abii Robot is a profitable company.

What is Laura Boccanfuso concept?

Laura’s concept of Abii Robotics started after she received the news about the Covington High School student who was wearing an NRA T-shirt and seen in pictures with a bandanna over his face.

What is the history of Abii Robot?

Abii Robot is designed in order to assist children who struggle with arithmetic.

Who is the target?

Abii was first developed for children with particular learning problems, but it quickly became apparent that it could benefit any student struggling with math.

Does it integrate with my current school system?

Yes, their robots can connect to any network.

Is Abii Robot safe?

Yes, the robot was developed with safety in mind.

Are there any risks?

There are no risks associated with Abii Robot.

What is the technology behind?

Abii Robot uses artificial intelligence to detect if students are struggling and redirect them as needed.

How can I buy it?

Customers need to visit their official website at www.abiirobot.com to know about their financial status and other details about this product.

Is Abii Robot profitable?

With the increasing sales, it is clear that Abii Robot has great potential.

How many robots have been sold?

Abii Robot has been sold over 700 devices as of December 2018.

Which countries is this robot available worldwide?

Abii Robot is available in many countries. But, most of them are not developed.

How many different versions of Abii robot do you have?

There are four different versions of Abii Robot available for sale.

What is the net worth of Laura Boccanfuso?

Her net worth is not available yet, but she has a successful business in Abii Robot. And her company is increasing its sales.