o3 Capital is the exclusive financial advisor to Miko on its acquisition of Square Off

Miko, a leading global consumer robotics company, has acquired a majority stake of 70% in Square Off. Square Off develops AI-driven automated board games, including their flagship interactive chess board. This acquisition helps Miko expand its product line beyond companion robots.

Founded by Bhavya Gohil and Atur Mehta in 2016, Square Off is known for creating the world’s first interactive chess board. The startup’s interactive boards, which build cognitive skills via games such as chess, use robotics and AI to adapt to the player’s level of expertise. Its physical chessboard can be connected to an app, enabling users to play against the board or anyone from across the globe — or against an AI opponent.

“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. We’re excited to help Square Off continue accelerating its growth.”, said Sneh Vaswani, Miko co-founder and CEO.

“We’re thrilled to join forces with Miko on this journey to revolutionise edutainment for kids.” says Square Off co-founder and CEO Bhavya Gohil. Atur Mehta, the startup’s
co-founder and CTO, says the move will “bring new levels of innovation, design and interaction to the space.”