Codi Robot Shark Tank Net Worth 2023
The deal with Robert was never finalized after the show aired, but the three buddies left the pitch with a handshake agreement that had all parties feeling optimistic.
While no money changed hands at that time, the robotic invention was awarded one of Healthline Parents’ Best of 2021 in January 2021 and continues to be successful; as of January 2022, the company is still operational with annual revenue of $1 million and grew to a $1.2 million revenue by January 2023.
What is Codi Robot?
Codi Robot is an AI-based educational tool designed for children, with content curated by instructors to cater to their developmental needs. This 8.5-inch robot employs AI technology to both educate and entertain children, telling stories and singing popular songs that contribute to their mental growth.
Moreover, Codi can assist kids in learning language and even help them learn everyday activities like brushing their teeth. One significant advantage of Codi is that it promotes social-emotional learning by utilizing stories to aid in emotional digestion.
Codi Robot is the flagship product of Pillar Learning, created by three tech-savvy entrepreneurs: William Mock, Dayu Yang, and Chris Oslebo. Its primary goal is to assist students in their formative years’ growth.
Who is the founder of Codi Robot?
Codi Robot was founded by three entrepreneurs, William Mock, Dayu Yang, and Chris Oslebo, who are highly skilled in technology and business. In March 2018, Mock, who holds a Master of Education degree and previously worked as a kindergarten teacher, joined the team.
Their mission is to utilize the latest technology and educational research to meet the developmental needs of all children. They convey this message to both current and potential parents.
Codi Robot uses voice-enabled learning algorithms and artificial intelligence to deliver personalized and relevant information to children.
The robot engages children by singing songs, telling stories, and encouraging them to perform simple tasks such as cleaning their rooms and brushing their teeth. The content provided is tailored to the child’s interests and the parent’s preferences.
The robot is an adorable 8.5-inch tall figure with large eyes, color-changing ears, and light-up antennae. Children can dress Codi in his plush “pajamas.”
Parents have control over the robot’s functions through a smartphone app that connects to Codi’s computer chip. A new robot costs $125, and each outfit is priced at $10. Codi Robot is available for purchase on both Amazon and the company’s website.
What Happened to Codi Robot at Shark Tank pitch?
In episode 1125 of Shark Tank, William Mock, Dayu Yang, and Chris Oslebo presented their educational robot, Codi, which tells stories. They were seeking an investment from the Sharks to help with marketing and distribution.
They asked for $500,000 in exchange for a 10% stake in their company, which was valued at $5 million. They explained their product and demonstrated it to the Sharks, who all tried it out. The cost of producing Codi was $25.76, and it sold for $149.99.
The company had made $260,000 in sales with a gross profit margin of 10% the previous year, and they were working on a premium version of the Codi app for the future.
Lori, Robert, Barbara, and Mark all declined to invest for various reasons, but Kevin expressed interest, mentioning that Google and Amazon were also working on similar projects.
Despite not receiving an offer from the Sharks, the Codi team remained optimistic, estimating they could sell 16 million units in a year. Their manufacturer, who was also a stakeholder in the company, offered them a discount on direct import purchase orders from stores. They were hoping a Shark could help them secure more retail partnerships.
Just as they were about to leave the Tank, Robert returned with an offer of $500,000 for a 25% stake in the company, which the Codi team accepted, ending the presentation with a deal.
What Happened to Codi Robot after Shark Tank?
The agreement with Robert was not completed after the show aired, and the three friends left without a deal. However, in January 2021, the robot was recognized as one of Healthline Parents’ Best of 2021. As of January 2022, the company is still in business and has an annual revenue of $1 million.
Competitors of Codi Robot
Codi Robot has many competitors in the market space. These are; 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
Net Worth of Codi Robot
The company was valued at $5 million during the pitch. As of January 2022 the company has an estimated net worth of $2 Million.
Codi Robot FAQs
What is Codi Robot?
Codi Robot is an artificial intelligence instructional tool aimed for children. It includes content prepared by instructors and caters to the needs of growing minds.
The 8.5-inch robot, which is driven by AI technology, entertains and educates children.
Who is the inventor?
William Mock, Dayu Yang, and Chris Oslebo, three technologically savvy entrepreneurs founded Codi Robot. They have extensive experience in product development, production, and e-commerce. Mock, a former kindergarten teacher with a Master of Education degree joined the business in March 2018.
How much were they seeking on Shark Tank?
They were seeking for $500,000 for 10% equity shares of their company, which worth $5 million.
Did they have the deal?
Yes, they reached a deal with Robert on the day of pitch.
How much was the deal?
Robert offered $500,000 for 25% equity shares of the company, which worth $2 million, but the deal was never finalized.
Is Codi Robot still in business?
Yes, as of January 2022, the company is still in operation and making sales of $1 million annually.
Where is Codi Robot located?
Codi Robot is located in Owings Mills, Maryland.
How can I contact Codi Robot?
Customers can send an email to [email protected]pillarlearning.com.
What is Codi Robot suggested ages?
Codi Robot’s suggested ages range from 12 months to 7 years. According to their findings, children aged 3 and up are best interested by an audio tape style.
How can I find out the status of my Codi Robot order?
The website allows customers to follow the status of their order. If they have any problems with their order, please contact them at [email protected]pillarlearning.com with the subject “Order.”
How do I charge Codi Robot?
Codi Robot comes with a rechargeable battery and a micro USB connector. To charge, just insert the provided micro USB cable into any USB Type A port.
How much is Codi Robot?
Codi costs $25.76 to produce and sells for $149.99 on their website and Amazon.
Where does Codi Robot ship?
Codi is currently sold in the United States on their website, Amazon and other stores who stock educational robots like Target, Overstock and Toys R Us.
What is Codi Robot’s purpose?
The robot entertains and educates youngsters by telling stories and singing popular songs that aid in the mental development of children.
What options does Codi Robot have?
Codi Robot will be able to listen to 200 free tunes and stories using a button interface or voice commands.
They anticipate that their voice commands will improve with time; natural language processing (automatic interpretation of human language) has difficulty comprehending youngsters who are learning to pronounce words for themselves.
What is the net worth of William Mock?
William Mock is a New York-based entrepreneur and the CEO of Codi Robot. His net worth is not available.
What is the net worth of Dayu Yang?
Dayu Yang is a graduate of Columbia University and an entrepreneur. His net worth is not available.
What is the net worth of Chris Oslebo?
Chris Oslebo is a Scandinavian-born entrepreneur and the COO of Codi Robot. He holds a Master’s degree in Engineering from Chalmers University of Technology and an MBA from Atlas Copco Business Academy. His net worth is not available.
