ABii by Van Robotics, Inc.

The Smart Robot Tutor Company

ABii by Van Robotics, Inc.

The Smart Robot Tutor Company

Columbia, SC
Technology
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.

$162,540

raised
205
Investors
$19.2M
Valuation
$10.00
Price per Share
$450.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
10
Days Left

$162,540

raised
205
Investors
$19.2M
Valuation
$10.00
Price per Share
$450.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
10
Days Left

Bonus Rewards

Get rewarded for investing more into ABii by Van Robotics, Inc.

$450+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$450+
Investment
All Investor Owners Club
-Early access to products -Access to invitation-only investor meetups / webinars
$1,000+
Investment
First Volume Tier
$1000 investment = Perk 1
$5,000+
Investment
Second Volume Tier
$5,000 investment = Perks 1 & 2
$10,000+
Investment
Third Volume Tier
$10,000 investment = Perks 1, 2 & 3
$25,000+
Investment
Fourth Volume Tier
$25,000 investment = Perks 1, 2 & 3 + 5% of investment in additional shares
$50,000+
Investment
Fifth Volume Tier
$50,000+ investment = Perks 1, 2 & 3 + 10% of investment in additional shares

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.

"Next generation educational technology"

Van Robotics Featured on Shark Tank!

The Problem


Students K-5 are underperforming and there is an increased need for remote educational technology

video

Today, only 40% of US students test at or above proficient in math by 4th grade (Source).  Even more shocking, only 35% of US students test at or above proficient in reading by 4th grade (Source).  These statistics haven’t changed in the last 10 years, despite the number of efforts to close the student achievement gap.  Further, it’s estimated that less than 20% of students that fall far behind will ever catch up, and kids from lower income families are disproportionately affected and lose significantly more comprehension of core skills during the summer months (Source).  

The COVID-19 global pandemic will exacerbate both the number of students that test below proficient in math and reading in the upcoming 2020-21 school year, as well as increase the disparity between students from lower-income families and their peers from middle and upper income families (Source).  On average, students will have missed the equivalent of at least 33% of the 2019-2020 school year, effectively doubling the deleterious impact of a typical summer break on academic slide.  (source, source, source)

The Solution


Meet ABii! Your Smart Robot Tutor

Van Robotics is revolutionizing student learning with the power of AI and robotics. Our robots are designed to be friendly, fun, and educational, acting as the perfect addition to the K-5 classroom or learning facilitator in school or at home.

ABii supports classroom teachers so every student can receive one-on-one help every day, and after school programs by tutoring core subjects like math and reading, wellness and socio-emotional learning. Our content is developed by certified teachers and all lessons are national-standards aligned, so it fits right into most classroom curricula. The robots are also fun, plug-n-play solutions so students can hop onto the system to take lessons without continual supervision. ABii currently comes with 2nd-5th grade math and 1-2nd grade reading lessons and periodic content upgrades are included free of charge.  

Our Traction


Featured on Shark Tank, our AI improved 67% students’ academic performance by an average of 34%

In May of 2020, we made our appearance on Shark Tank. We are proud to say that we believe we are the 1st robot on the market to do standards-aligned tutoring that tracks attention and correlates it to performance, using a robot to redirect attention.


We conducted our pilot test in 4 schools, reporting that 67% of students had improved by 34% after 3 sessions with the robot. Following this initial success, we received a grant from the Department of Education to put 120 robots in 16 school districts, servicing approximately 1,000 students.

About 45% of students gained more than 23% improvement with just 4 weeks with the robot on standards-aligned assessments.

Van Robotics was selected for the Techstars Austin accelerator program where only 1-2% of applicants were admitted, and is a critical part of a highly competitive $3.6M Fast-Track grant award from NIH to develop a proprietary stress detection system for our robots with a share of $1.2M.  (source, source) We did $180,000 in sales in the first 4.5 months of operation, with a new-to-market product.

The Market


As the global and US population increases, so too does the need for better education technology

Globally, there were 1.7 billion enrolled primary school students in 2019, and an estimated 7.7M primary schools (Source) . Within the US, there are 200,000 after-school care centers, with over 10 million children, and 100,000 elementary/middle schools with 35 million children. (Source, Source, Source) Additionally there are 2,700 YMCAs, 4,300 Boys and Girls Clubs, 9,000 public libraries. Altogether, this totals out to 316,300 organizations nation-wide dedicated to educating young people. (Source, Source, Source)

There are 17 million homes with K-8 aged children, and 3.4M with incomes of $100,000+. Ed Tech spending on AI within the US is $800M as of 2018, and is estimated to grow to 6.1B by 2025 (Source, Source, Source).

Consumer robots will experience healthy growth as they become a more established product category. Tractica forecasts that worldwide shipments of consumer robots will grow from approximately 15.4 million units in 2018 to 65.9 million units in 2025, increasing at a compound annual growth rate (CAGR) of 23% during that period (Source). Worldwide consumer robot revenue will grow from $5.6 billion in 2018 to $19 billion in 2025, at a CAGR of 19.1%.

What We Do


Next generation educational technology that is interactive and fun to use

Van Robotics’ ABii combines cutting edge artificial intelligence with proven teaching techniques. ABii’s engaging social interactions and on-screen characters keep students engaged while ABii collects data on students’ performance and attention and delivers detailed reports to keep parents, teachers and students informed on students’ progress. ABii’s powerful machine-learning backend enables the robot to deliver highly personalized instruction and adapt to each student’s learning style and needs. Our desktop-sized robot comes with an accompanying web app equipped with various online characters that immerse students in a world where math problems are brought to life and made fun.

The Business Model


We sell both to schools and directly to consumers 

We sell our robot, ABii, to both school districts and directly to consumers for use at home. The robots we sell to schools are $999 and can service an unlimited number of students, whereas the version sold to direct consumers is $599 and can service up to 3 students.


The majority of our customers, thus far, reside in the U.S. on the East Coast and around the midWest.

How we are different


Learning made fun with advanced AI that adapts to student’s needs

Our advanced AI technology is the first to track student attention and correlate it to academic performance. When students lose focus, our robots can redirect their attention and keep them engaged. The team at Van Robotics has spent over a decade improving our AI and machine-learning, allowing our robots to offer the highly customized educational resource many students need.

The Vision


Rapidly expanding our reach to schools, hospitals and homes worldwide

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.

We will continue to build our national network of ed tech resellers and distributors.  In addition, we will continue to secure state and federal grants and contracts to fulfill school district efforts to increase their purchase and implementation of research-based AI technology.

Our Team


Passionate and highly vetted tech experts with over 20 years of experience developing AI

We have 4 PhDs and 2 Masters level team members whose degrees include computer science, robotics and education. We also have a seasoned technical team trained at Yale and Johns Hopkins University. Our team has spent a cumulative 20 years conducting R&D to develop AI and robots that effectively promote learning in kids. After 20 years of working directly with experts and prospective customers to solve their pain points with various learning challenges, we have a unique and deep understanding of the market, the product, and its vast potential for future growth.


Our team is passionate about building effective, highly-engaging AI-enabled robots. We’re popular with our customers because, since the inception of this idea, we’ve sought their input on the robots’ design and function, and we continually engage them after every sale.

Why Invest


Our team has worked toward this moment for over a decade and we believe our product is some of the best AI educational technology on the market

The opportunity for Van Robotics has never been better. With the post-COVID reality, schools, after-school programs and parents are looking for alternative and distance learning solutions that offer personalization for students. Now is the prime time to scale our footprint in the market with highly personalized, standards-aligned robot tutors like ours, that have the capacity to facilitate personalized interactions, with a wide range of students. 

The team at Van Robotics has been researching AI and machine-learning for over 10 years to prepare for the release of ABii and we are finally ready to revolutionize the ed tech market with what we believe to be the perfect product-market fit. And two years after our initial launch, our solid customer base is eagerly asking for more!

In the Press

Inc. Magazine
January 1, 2017

30 Years Ago, Mill Workers Fled South Carolina in Droves. Now, Its Startup Scene Is Making a Remarkable Transformation

The Financial Times
January 1, 2017

Education robots offer leg-up to disadvantaged students

Back to the Future: Van Robotics Embraces a Retro Feel for Its Robot Tutors
January 1, 2017

When designing a robot buddy for students, you’d think the more realistic looking the robot, the more appealing, right? Not so, says academic-turned-entrepreneur Laura Boccanfuso.

Offering Summary


Company

:

Van Robotics, Inc.

Corporate Address

:

1225 Laurel Street, Suite 118, Columbia, SC 29201

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$450.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

1,000

Maximum Number of Shares Offered

:

107,000

Price per Share

:

$10.00

Pre-Money Valuation

:

$19,201,740.00











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).

Launching without financial statements.

In reliance on this relief, this offering has been launched without the required financial information. The financial information required by this offering that has been omitted is not currently available and will be provided by an amendment to the offering materials;  

Once the required financial information has been made available by amendment, each investor should review the complete set of offering materials, including previously omitted financial information, prior to making an investment decision; 

Furthermore, no investment commitments will be accepted until after such financial information has been provided.

Expedited closing sooner than 21 days

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

All Investor Owners Club
-Early access to products
-Access to invitation-only investor meetups / webinars

Early Bird
 -Friends and Family - First 72 hours | 10% of investment in additional shares
-Super Early Bird - Next 72 hours | 5% of investment in additional shares
-Early Bird Bonus - Next 7 days | 2% of investment in additional shares

Volume
-Tier 1 $1000 investment = Perk 1
-Tier 2 $5,000 investment = Perks 1 & 2
-Tier 3 $10,000 investment = Perks 1, 2 & 3
-Tier 4 $25,000 investment = Perks 1, 2 & 3 + 5% of investment in additional shares
-Tier 5 $50,000+ investment = Perks 1, 2 & 3 + 10% of investment in additional shares

Perk 1 = 10% off ABii's for school district of choice
Perk 2 = 20% off ABii's for school district of choice
Perk 3 = 1 free ABii for school district of choice

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Van Robotics, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of common stock at $10/ share, you will receive and own 110 shares for $1000. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$495,053.00 USD
$63,606.00 USD
Cash And Cash Equivalents
$317,269.00 USD
$63,606.00 USD
Accounts Receivable
$44,553.00 USD
$0.00 USD
Short Term Debt
$172,355.00 USD
$75.00 USD
Long Term Debt
$37,178.00 USD
$135,693.00 USD
Revenues And Sales
$315,831.00 USD
$50,000.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$404,404.00 USD
-$132,452.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

ABii by Van Robotics is LIVE on Angels & Entrepreneurs!

about 1 month ago

We are excited to announce that ABii by Van Robotics is now being featured on the Angels & Entrepreneurs investment platform!  Our team is looking forward to introducing ABii to classrooms around the world with the help of angel investors.  In just the past 6 months, we have on-boarded 22 states and signed on global resellers from Africa to the UAE.  We have successfully negotiated a lower cost per unit for our next order of ABiis and we look forward to being able to offer ABii at a significantly lower cost to our school and home customers to vastly expand adoption across the US. 




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