InGen Dynamics, Inc.

Next Generation Home Robot

Company Information

Website:

http://aidorobot.com/

Sector:

Consumer Electronics

Location:

Palo Alto, CA

Aido is an interactive personal home robot.

The company is aiming to build an artificially intelligent, voice-activated personal-assistant that can feel touch, and display information using a built-in projection system.

It will come with solutions for home automation, security, assistance, entertainment and more.

The company's mission is to build a beautifully-crafted home robot that that is useful, affordable, and equipped with the most advanced technologies.

KEY FACTS
* $900,000 raised on Indiegogo
* Invited by Walt Disney to be showcased at its global innovation campus
* Three functional prototypes complete and a functional SDK released to early developers

Aido has gotten press in Forbes, Fortune, Mashable and many other outlets.

PLEASE NOTE:
Hardware start-ups can be very risky investments -- and this one is no different.

Aido is a work in progress. It has not been fully built yet. The images you see on Aido's crowdfunding pages are very intriguing -- but they are representational only.

As the company has warned: "Disclaimer: Aido is a work-in-progress and exact functionality and uses may be subject to change."

In addition, the company does not seem to have delivered what it was supposed to to its Indiegogo backers, and the comments on its Indiegogo page do not inspire great confidence:
https://www.indiegogo.com/projects/aido-next-gen-home-robot--2#/comments

So if you're considering an investment, please proceed cautiously, and please read all the user-generated comments at the bottom of the company's funding page on StartEngine.

THE MARKET
The Service Robotics market is expected to grow from $5.6B in 2014 to $22.5B in 2021 at a 18.8% CAGR.

USE CASES FOR AIDO
Aido is forecast to have a custom display technology, an interactive projector system, advanced speech recognition, face detection, AI, and seamless integration with home automation and security needs.

Other uses may include:
* Use the interactive projector to project movies, games & other content on a wall. Use gestures to play games or control playback of media.
* Use voice control to call Aido to you and give it commands. Aido has a set of powerful mics that let it listen to your voice, even in noisy environments
* Use Aido’s universal remote to control your home appliances like TV, home theatre system, etc.
* Connect Aido to your smart devices that support Zigbee, Z-Wave or DLNA and control them through Aido. For instance, you can ask Aido to reduce the room temperature, and show you who’s at the door (if you have a smart home camera).
* Ask Aido to escort guests from the door into your living room
* Ask Aido to display a recipe over the projector to help you whip up a new dish
* Get Aido to take pictures of your friends at home and post it to your Facebook page
* Ask Aido to download playlists from Spotify and play DJ for your parties
* Read out stories to your kids using its storytelling feature
* Patrol your home when you’re away and send a notification or photograph if there’s an intruder
* Get a reading of temperature, pressure, air quality, etc. across your home.

Team Background

Arshad Hisham - Founder, CEO

Mr. Hisham is a serial entrepreneur and a Cranfield University (UK) MBA.

He has built and run hardware automation companies.

He has published research papers on Robotics and has held senior roles in the past at IBM, Govt. of Australia, and Toyota.

Mr. Hisham is a frequent speaker on the Robotics most recently as a keynote speaker at the annual IEEE Robotics Symposium, Boston Consulting Group’s annual AI and machine learning event as well as at the industry-leading Robo-Business event among others.

Anurag Pal - CFO

Experienced professional with operational, finance and sales and marketing background.

Previous roles include Director at Hewlett Packard.

MBA from University of Texas, Austin

Hareesh S. - Leader - Hardware and Electronics

A hardware and electronics specialist with more than 15 years experience in development of machine control, firmware for special purpose machines, PLC programming, weapon simulators for the Army, control systems for truck driving simulators, and special purpose motors.

Previous projects include Traab Engineering, Autoliv, Digicon, GKB Lenses, and the Army.

Sabir A. - Leader - Mechanical Engineering

A mechanical engineering consultant with around 25 years experience working with companies including General Electric, Emerson, UTC, RPDG, and, GoProto.

Expert in New Product Development, Industrial Design, Mechanical Engineering, and Prototyping.

Sumeendranath R. - Leader - Software Engineering and A.I.

A Texas Instruments alumnus with more than 15 years experience of creating ground breaking technologies including a UNDP showcased project, complex electoral polling, GPS based data collection and state-of-the-art applications.

Experience also involved developing AI/software for Soccer based Robots.

Co-Investors

Raising
$999.972K
Committed
$178.431K (18%)
Current Valuation
$12 million
Min. Investment
$141
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $900K
    2016-04-24
    Indiegogo Contributers
Notable Investors
Learn more on Start Engine