In September, Scale X Santiago Venture Exchange, an initiative of the Santiago Stock Exchange and Corfo designed to facilitate financing options for high-impact and high-growth ventures, welcomed its first start-up, Osoji Robotics, a Chilean company focused on the design and commercialization of cleaning and kitchen robots for domestic use.
The company placed 24,112 shares as part of a plan to raise US$3 million to finance the expansion of its brand and products in Chile, Mexico, and the US. Osoji is associated with various Japanese companies that are in charge of product design, which are manufactured in China. They also have agreements with other technology companies. This is the case with Tuya Smart, a cloud-based IoT platform whose function is to make robots "smart."
Osoji's strategy is to offer simple, functional robots at competitive prices.