Codi Robot Net Worth 2022 – What Happened After Shark Tank?
Will robots one day take over the world?
Well, now they’re already telling your children stories if you invest in a Codi Robot, the gadget that appeared on episode 1125 of Shark Tank.
Was a cute robot enough to get a major investment? Read on to find out how they have developed an estimated net worth of $2 Million.
Codi Robot Quick Facts
Name |
Codi Robot |
Company Net Worth: |
$2 Million – *Estimated |
Pitch: |
Educational robot toy |
Entrepreneur: |
William Mack, Dayu Yang, Chris Oslebo |
Asked For: |
$500 000 for 10% |
Deal: |
$500 000 for 25% |
Shark: |
Robert Herjavec |
What is Codi Robot?
The Codi Robot is a toy you can buy for children one year of age or older. Empowered by AI technology, the 8.5 inch robot provides stimulation and educational value for kids. It shares stories and popular songs that help children’s mental development.
Don’t worry! This isn’t another digital screen kids will get addicted to. The toy actually prevent excessive screentime when kids play with the cute doll-like robot, rather than watching TV.
You can use Codi to help with children’s vocabulary and even teaching them tasks like brushing teeth. A major bonus: assisting with social-emotional learning by helping to digest emotions through the use of stories.
Parents can control the robot via a phone app.
Who Invented Codi Robot?
The Codi Robot is Pillar Learning’s main product.
Dayu Yang is the creator of Codi and he as well as William Mock and Chris Oslebo represented the product on Shark Tank.
Shark Tank Appearance – What Happened?
Fans of Shark Tank were in awe of the turn the episode, aired in 2020, took. The entrepreneurs had a good pitch and asked for $500 000 for 10%.
But, as 2paragraphs reports, the sharks weren’t really interested at first. But then, Robert Herjavec of all people, actually changed his mind and started negotiating a deal.
Did the Deal Go Through?
Luckily for both Pillar Learning and Robert, they made a deal. The agreement was $500 000 for 25% of the business, although the innovators tried for 20%. But Robert wouldn’t budge.
A father himself—married to Kym Johnson of Dancing with the Stars—something made Robert adjust his view of the product after a while. He even mentioned that he believed in the group and the product.
Sold Out
All concerned must look back on that program and breathe a sigh of relief, because it benefited everyone that’s now in on the deal.
As Pillar Learning mentions on its website, the robots ended up being sold out during the first week and there are already thousands of households with these units, and that’s just in the US.
Codi Robot Today
If your child doesn’t have his or her robot yet, you can still buy one for around $150.
They’re available from the brand’s own website, or simply order via Amazon—if they’re in stock that is. It already has an impressive rating of 4.1/5. Some even say ‘Codi is family!’.
The brand also sells outfits for the robot.
So, it’s clear these inventors picked the right idea for today’s society and Robert can be glad he realized the value of their brainchild.
