Reasons to Invest We appeared on Shark Tank in May 2020, and were selected for the Techstars Austin accelerator program, where only 1-2% of applicants were admitted. We conducted a pilot with 4 schools, reporting that 67% of students have improved by 34% after only 3 sessions with the robot. Following this success, we received a Department of Education grant to put our robots in 16 school districts serving 1000+ students. Ed Tech spending on AI within the US is $800M as of 2018, and is estimated to grow to 6.1B by 2025, and worldwide consumer robot revenue will grow from $5.6 billion in 2018 to $19 billion in 2025.
Van Robotics develops AI-enabled, smart robot tutors that provide highly personalized tutoring in core subjects - anywhere, any time. Our robots use AI to learn individual students learning habits and adapt to key indicators of learning like performance, attention and stress state. Van Robotics first robot to market, ABii, tutors K-5 students using national standards-aligned math and reading lessons.
Our goal is to claim as much real estate as possible with our robot platform in public schools, hospitals, after school programs and homes in the next 5 years. Almost any lesson content can be added to our robots, meaning that once the platform is in place, our primary focus becomes accelerating the expansion of content offering to bring more value to existing and new customers (and recurring revenue for Van Robotics). Our Lesson Creation Tool is a web app that enables anyone - teachers, parents or students (no programming necessary) - the ability to create custom lessons on any subject, theme, or skill level, and sell them on our Teachers Marketplace. We believe this will allow us to exponentially increase our content offering to robot owners.