Appeared in Codi Shark Tank Season 12 Episode 8, is an artificial intelligent bass toy and educational gadgets manufacturer. Codi is a product of Pillar Learning which has been made with the help of Artificial Intelligent (AI) Technology, It makes children learn things like educational stories, classic music, etc.
Most artificial intelligence is being used in every field right now, this includes the education industry. Many toys are also available in the market which is going to be made through artificial intelligence.
In the present time, if you go to buy a product made of artificial intelligence, then it will be very expensive, but after a few years, it will not be expensive.
The feature is going to be made from artificial intelligence, even cars like Tesla are still working on this technology.
More than 90% of the investors are investing in “AI” technology right now because they do not know that this is an industry that is going to grow very soon.
The more benefits that Artificial Intelligence will provide, the more people will become unemployed through it. If artificial intelligence is used in every field, then people will not get work and they will not be able to survive.
But it is true that through “Ai” life will become easy, we will be able to know easily about things.
Artificial intelligence is being used in every industry, so now it is engaged in working in the educational industry as well.
AI-based company Pillar Learning has created a storytelling robot named Codi.
What Is Codi?
Codi is a Product Of California base Pillar Learning Company. This pillar learning company was started in December 2017 by Yang and Oslebo.
Mainly this Codi toy has been made for children above 12 months. Artificial technology has been used in making it and it has full visibility, it can be controlled through the phone.
This Codi uses artificial intelligence and voice-enabled learning algorithms through which it provides the content to children.
Codi Tells 130+ Classic Stories, Classic Songs & Daily routines, Parents can encourage their kids to do daily Routine on their own through Codi.
Through this Codi parent app (iOS and Android) parents can guide their kids to clean their room, brush daily, etc.
Parents can get the content delivered to their children as per their choice.
It is made from high-quality, stain-resistant ABS plastic and soft, food-grade silicone while being Codi safe and durable.
Before going to school, Codi teaches children all those things, after which children can communicate and make friends in school.
The length of this robot is 8.5 inches and it has big eyes which look very cute. It has light in both ears which changes the colors in different emotions.
Through the Codi Parent App, parents can send voice messages to their children wherever they are.
|Company Name||Codi (Pillar Learning)|
|Founder||William Mock, Dayu Yang, and Chris Oslebo|
|Product||education storytelling toy robot for social and emotional learning|
|Asked For||$500k for 10% equity|
|Final Deal||$500k for 25% Equity|
|Episode (Shark Tank USA)||S12 E8|
|Air Date||Dec 11, 2020|
|Business Status||In Business|
|Net Worth||$2 Million *estimated|
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Codi Contact Details
|Place||California, United States|
Who Is The Founder Of Codi?
The founders of Pillar Learning Company are Dayu Yang, Chris Oslebo, and William Mock, It is an educational tech startup whose product is Codi.
Pillar Learning Startup was founded so that it can be used in innovative technology, and educational research, And through this, the children of 12 months and 7 years can get their minds educated outside the classroom as well.
Pillar Learning focuses that it can be giving all the knowledge to the children before school which is easy for them to understand their studies in school.
Dayu is the CEO and Head of Software of this company. He earned his degree from Peking University, Stanford University (Economics), and the University of Pennsylvania (MBA).
Chris is the head of product development of this company. He graduated from Stanford University. he is the Product Manager of a Major Toy Company, and he has developed, Launched, and Manufactured more than 3000 Toys.
William is the head of content development and education of this company. He earned his degree from the University of California, Berkeley (Asian studies), Peking University (Chinese language), and Stanford University (MA, International and Comparative Education).
he is a former kindergarten teacher, academic consultant, and Chief Academic Officer at the American International College in China.
Codi (Pillar Learning) Before Shark Tank
This Codi is the product of the educational tech company Pillar Learning. Codi uses artificial intelligence and voice-enabled learning algorithms for content delivery.
Its system is built in such a way that it automatically delivers stories, songs, and educational content according to the interest of the child.
It comes with the feature of voice command, which is suitable for children with multiple voices. Children can easily recognize this robot toy.
It has to be set up before using it, for this, it has to be connected with WiFi and it will download the content.
After all the content is downloaded, it will run in offline mode as well. The Codi has approx 10 horse battery capacity. The battery can be recharged through the micro-USB cable into any USB port.
Encrypted servers are used in this so that the privacy and voice data of the family can be protected.
It does not have a screen so that the child can communicate with it properly. Through this, the thinking capacity of the child will be progressing.
Did Codi Get a Deal on Shark Tank?
Codi Toy’s founders Dayu Yang, Chris Oslebo, and William Mock asked for $500,000 for 10% equity in Shark Tank. The funding that the founder sought for this product of Pillar Learning was in the form of a $5 million valuation.
The founder gave a complete demo session on this product. The manufacturing cost of this product is $25.76 and the retail customer cost is $99.99, However, in 2022, the customer selling price of this product is $124.99.
The founder also revealed that he had sold a total of $2,500 units from the inception of the Shark Tank show.
He generated $260,000 in revenue by selling through Amazon and his website. They started it in November 2019 and started delivering this product during the December holiday.
He used to use advertisements to tell people about the product and increase its reach, He used to focus the most on Facebook and Instagram ADS, +3 million people have seen his ads.
Right now the content that is being provided in the Codi is free, but in the feature, it is also going to provide paid content.
Mark Cuban had to say in this that there is a lot of competition in this field because there are many big companies who are working in this field like Amazon Alexa for Kids.
Lori Greiner said that she is worried about its competition and the cost, so she is out of this reason.
Robert Herjavec first congratulated the founder for his work, But Robert believed that the kids would very soon become bored with Codi if they found a different toy.
Barbara Corcoran said about this business that this product is not for making money, so she is out of this offer.
After much thought, Mark Cuban gave his point of view, he loves executives but this product cannot be scaled.
Kevin O’Leary had to say in this that Google and Amazon are already engaged in this, it can be very difficult to solder the product. Due to this reason, he is out of this offer.
As all the sharks are out but the founder of Codi Robot has not given up yet, he is constantly giving pitches to the shark.
After the founder’s pitch, Robert made up his mind on the deal and the offer was $500k for 25% equity.
But Robert’s offer was counter-offered by the entrepreneur for $500k for 15% equity.
Robert Herjavec made his final counteroffer of $500k for 25% equity, saying he would not be able to go down.
Dayu Yang, Chris Oslebo, and William Mock signed the deal with Robert Herjavec for $500k for 25% equity.
What Happened To Codi After Shark Tank?
Codi robot toy which is very expensive, it is difficult for a middle-class people to buy it, because of this its sales are also very useful.
The founders make a profit of up to 50% on every sale of this product. After a full month of this episode’s arrival, its sales showed growth in the short term. Meanwhile, this company had done very good sales.
Even after a long time has passed since this company’s deal with Robert, Robert has not yet closed this deal.
In January 2021, this product was awarded the Healthline Parenthood’s Best of the Year Awards.
This business is also running in September 2022, its annual revenue is $1.2 million. The Codi has been made available in that ToysRUs store in New Jersey.
Codi Shark Tank Update
After Shark Tank, Robert did not close the deal in September 2022, with a Codi pillar learning. How much sales he has got due to the Shark Tank show by PillarLearning has not been given yet.
Codi was selected for products for toddlers by Healthline for 2021. This September 2022, the business of this company is still going on, its annual revenue is $ 1.2 million.
Where Can Buy Codi?
The Codi Robot Toy is available at some retail toy stores in the US and is also sold online on its website with Amazon. In July 2022, the price of this robot is $124.99, apart from this, this toy is also covered for protection.
What Is Codi Net Worth?
Before talking about Codi’s net worth, if we look at his mask in Shark Tank, he tried to invest in $5 million valuations. He got a deal at a $2 million valuation and this company also generated $1.2 million in annual revenue in 2020. Codi’s net worth is estimated to be around $2 million.
Is Codi Still In Business?
This is the update of July 2022, in this the Codi robot toy business is running and it has been made available on different platforms as well.
Due to this toy being expensive, there are very few parents who are buying this product for their children.
Codi is providing free content for the children right now but in the coming time, it can also bring paid content.
Pillar Learning is engaged in developing new education tech products through artificial intelligent technology.
From March 2, 2021, to September 2022, till now this company’s official Instagram account is not active. This company is not focusing much on social media marketing.
Content Photo Credit: Amazon.com & pillarlearning.com