Miko, the robot manufacturer for children, has acquired a 70 per cent stake in Square Off, a company for AI-driven automated board games, for an undisclosed amount. Earlier this year, Miko raised around USD 28 million in series B funding.

In a statement, Sneh Vaswani, co-founder and chief executive officer (CEO) of Miko, said that the move is a natural fit for the two companies as both shares a passion for robotics and learning. Further, she added that AI is the future of play, and Square Off’s innovation has transformed how players, young and old interact with chess and other board games.

Founded in 2016 by Aatur Mehta and Bhavya Gohil, Square Off allows online players globally to connect and play against each other; It offers automated chess board games to play chess game against any opponent from across the globe.

Miko robots would instruct children how to play chess and other board games. Together the two brands aim to generate more than USD 100 million in revenue in 2023. Miko, in a statement, said that Square Off’s leadership would stay on board and continue to bring more robotics and AI-powered smart toys to 10 million homes worldwide.