In September, Scale X Santiago Venture Exchange, an initiative of the Santiago Stock Exchange and Corfo designed to provide financing options for high-impact, high-growth startups, welcomed its first startup, Osoji Robotics, a Chilean company focused on the design and marketing of cleaning and kitchen robots for home use.

The company sold 24,112 shares as part of a plan to raise $3 million to finance the expansion of its brand and products in Chile, Mexico, and the U.S.. Osoji partners with various Japanese companies that handle product design, with manufacturing taking place in China. It also has agreements with other technology companies. One such partner is Tuya Smart, a cloud-based IoT platform designed to make robots “smart.”

Osoji's strategy is to offer simple, functional robots at competitive prices.