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<keyword id="2900267" type="UNKNOWN" weightage="20" keywordseo="Byju">Byju</keyword> opens up about meeting <keyword id="3435310" type="UNKNOWN" weightage="20" keywordseo="chan-zuckerberg">Chan Zuckerberg</keyword> Initiative, international plans and how he chooses teachers for the app. 
 <keyword id="824043" type="COMPANY" weightage="60" keywordseo="Business-Insider">Business Insider</keyword> caught up with <keyword id="1702989" type="PERSON" weightage="60" keywordseo="Byju-Raveendran">Byju Raveendran</keyword> after <keyword id="6354630" type="PERSON" weightage="60" keywordseo="Mark-Zuckerberg">Mark Zuckerberg</keyword> shared a post on <keyword id="6354576" type="CITY" weightage="60" keywordseo="Facebook">Facebook</keyword> announcing Chan Zuckerberg Initiative’s investment in the ed-tech <a href="http://www.businessinsider.in/Two-VCs-just-told-us-how-tech-startups-create-economic-inequality/articleshow/52154466.cms">startup</a>. 
 
Q1. Congratulations on the latest round of $50 million! The valuation has been reported at about Rs.3, 200 crores. Would you like to share the details with us? 
 Byju- Thank you. The Chan Zuckerberg Initiative (founded by Mark Zuckerberg and his wife <keyword id="3634898" type="PERSON" weightage="20" keywordseo="Priscilla-Chan">Priscilla Chan</keyword>) has co-led the investment round with <keyword id="122716" type="CITY" weightage="20" keywordseo="Sequoia-Capital">Sequoia Capital</keyword>, along with Sofina, Lightspeed Ventures and Times Internet Ltd. We would like to not comment on the valuation. 
 
Q2. You must be excited about this investment. How do you think this will affect your brand and business? 
 
Byju- It is very humbling to see such confidence from our investors. In fact, to be the first company in Asia to be backed by Mark Zuckerberg and Priscilla Chan is very encouraging. 
 
We have been continuously working towards developing world class products which will cater to students with every educational requirement in K-12 (primary and secondary education) segment. 
 
Q3.Did you get a chance to interact with the power couple- <a href="http://www.businessinsider.in/For-some-teens-Facebook-is-little-more-than-a-business-tool/articleshow/54202713.cms">Mark Zuckerberg </a>and Priscilla Chan? 
 
Byju- After our last investment round in March, I met with the Chan Zuckerberg foundation in San Francisco, California. An investment head from Chan Zuckerberg initiative came in to finalize the details of the deal, which was closed in four-five weeks since I met them. 
They were personally excited about our story and our impact in the Indian metros. Both of them understand technology and they are very excited by our offering as we are creating a product that is technologically driven to enable better learning while reaching more and more people. The Smartphone is giving us the kind of reach that, a few years ago, we wouldn’t even have dreamt of. 
They’re not just coming on board as an investor but are also taking a board seat. 
Vivian Wu from the Chan Zuckerberg initiative will be joining us on the company board after this round. 
 
<a href="http://www.businessinsider.in/Chan-Zuckerberg-Initiatives-first-Asian-investment-Byjus-founder/articleshow/54245860.cms">ALSO READ: Behind </a><a href="http://www.businessinsider.in/Chan-Zuckerberg-Initiatives-first-Asian-investment-Byjus-founder/articleshow/54245860.cms">Chan Zuckerberg</a><a href="http://www.businessinsider.in/Chan-Zuckerberg-Initiatives-first-Asian-investment-Byjus-founder/articleshow/54245860.cms"> Initiative's first Asian investment- Inspiring story of Byju's founder</a> 
 
Q4. The app wants to reach out to kids as young as 9 years old in the 4th standard.Why is that? 
 
Byju- Education has a big impact on your future especially for us Indians. It’s our biggest bet. 4th- 5th grade is the starting of your formative years in education. It is the time when you can really feel the subject, realize what you’re good at. It is the best time to reach out to students. 
 
Q5. How do you choose your army, in this case, the teachers on your platform? Do you see Byju as a substitute to traditional school systems? 
 
Byju- We look for a good teacher who is passionate about the subject and has a great connect with the students. It is important to motivate students to learn, not rote learn and we ensure that teachers do that in a friendly matter. Just 10% of our content team gets selected for teaching. All the teachers on board are as good as me or even better at what they do. 
Byju’s app focuses on comprehensive learning which is personalized for students. We don’t want to be a substitute to schools, but the app works well with the current system. 
Our courses cover everything in the curriculum and students can depend on us for extensive learning. On an average, a student spends 40 minutes on our app, which is unlike any similar app in the world. 
 
Q6. We would like to know more about how you will utilize this investment. Which are the markets that you will be targeting? 
​ 
Our focus is going to be on our product offerings. We will add more subjects and grades. We will create region-specific products for other big English-speaking markets like U.S.A and the UK. Change the format, team, and gaming technology with each market. We are already present internationally- 15% of our students are not Indians. The Middle East is a majority of that. 
 
We aren’t looking for any more investment currently but all our investment rounds have been borne out of inbound interest.

Byju opens up about meeting Chan Zuckerberg Initiative, international plans and how he chooses teachers for the app

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Diligent RoboticsDiligent Robotics cofounder Vivian Chu (left) and Andrea Thomaz with Moxi.</div></div></div><ul class="summary-list"><li style="font-weight: 400;">Diligent Robotics, an Austin-based robotics startup, announced it raised $3.15 million in seed funding at an undisclosed valuation on Tuesday.</li><li style="font-weight: 400;">True Ventures and Ubiquity Ventures co-led the round with participation by Next Coast Ventures, Capital Factory, Pathbreaker Ventures, Boom Capital, Grit Ventures, and additional angel investors.</li><li style="font-weight: 400;">Texas hospitals are facing a <a href="https://www.businessinsider.com/registered-nurses-worst-part-being-nurse-jobs-2019-5">crippling nursing shortage</a>, Diligent Robotics cofounder and CEO Andrea Thomaz told Business Insider, so she and her team built Moxi, a hospital assistant robot created to help alleviate tasks that take nurses' time away from patient care.</li><li style="font-weight: 400;">Thomaz has found herself repeatedly setting expectations with hospital staff as to what exactly Moxi can do because of the hype around <a href="https://www.businessinsider.com/robo-surgery-patient-benefits-5g-2019-3">medical robotics</a>. Moxi is scheduled to operate in a Texas hospital starting October 2020.</li></ul><ul class="summary-list"><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul>The founders of Diligent Robotics have a lot of moxie.Andrea Thomaz and Vivian Chu met at the University of Texas at Austin in 2017 while Thomaz was teaching and Chu was pursuing her PhD. The day after Chu defended her thesis, Diligent Robotics closed its first funding round.On Tuesday, the academics turned entrepreneurs announced their biggest milestone to date with $3.15 million in seed funding. The round was co-led by True Ventures and Ubiquity Ventures with participation by Next Coast Ventures, Capital Factory, Pathbreaker Ventures, Boom Capital, Grit Ventures, and additional angel investors. The startup also announced its hospital assistant robot, dubbed Moxi, will officially be operational in a Texas hospital in October 2020."We want to be known for building one of the most exciting robotics companies, and we happen to be women doing it," Thomaz told Business Insider. "And so it's exciting to me that we were able to be that role model for other people so they don't have to feel like they have to build a certain kind of company if you're a female founder."Read More:<a href="https://www.businessinsider.com/founders-fund-cybersecurity-funding-arceoai-2019-5"> Peter Thiel's Founders Fund is making its first cybersecurity investment in a $37 million deal with 2 former Air Force pilots</a>The arrival of the Moxi robots comes amid growing anxiety over the potential for automation technology, like robots and artificial intelligence, to replace humans in the workforce. A<a href="https://www.cnbc.com/2019/01/25/these-workers-face-the-highest-risk-of-losing-their-jobs-to-automation.html">January report by the Brookings Institution</a> found that a quarter of US jobs are at risk from automation. While food preparation and services was the most at-risk job, with an 81% of tasks potentially prone to being automated, healthcare support was number nine on the list, with 40% of the tasks potentially replaced by automation.Diligent Robotics decided to develop a robot for hospitals because of a <a href="https://www.businessinsider.com/registered-nurses-worst-part-being-nurse-jobs-2019-5">critical shortage of human nurses</a> who perform highly repetitive tasks, Thomaz explained. Moxi is able to complete tasks, like bringing supplies from one part of a large hospital to another, after extensive beta testing with hospitals in Texas. She was adamant, however, that Moxi not interact with patients for things like reading vital signs or completing charts."We are calibrating people to where robotics is or isn't," Thomaz said. "If you get into a meeting with the hospital leadership, it's like a little kid in the candy store. We are really focused on saying, okay, here's what robots work, here's what they're going to be good at."With the new funding, Thomaz said her team can move from beta testing to full production, something other robotics startups have struggled with in the past given the high costs of quality manufacturing. The time it takes to finalize a contract is enough to build Moxi for a new customer from scratch, she said.But aside from manufacturing, which used to be using extra parts from the university's lab, Thomaz said that running her company out of Austin, a burgeoning tech hub, will help the team continue to be successful in an industry prone to hype and buzzwords."Austin has been a great place to start a company, and we've been able to attract a lot of really great talent," Thomaz said. "It's a smaller city than San Francisco or Boston or New York, but the entrepreneurial community in Austin is close-knit. So I feel like that definitely as a founder, I feel supported by even the firms that aren't invested in us." <a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health-3"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/iphone-ios-13-photo-gallery-tricks-you-need-to-know-2019-9">All the new iPhone Photos tricks you need to know</a></h3> <div> </div> </div>

Female-led robotics startup Diligent raises $3.15 million in seed funding to bring its hospital assistant robot Moxi to Texas hospitals

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Byju opens up about meeting Chan Zuckerberg Initiative, international plans and how he chooses teachers for the app

Tanya Dubey

Female-led robotics startup Diligent raises $3.15 million in seed funding to bring its hospital assistant robot Moxi to Texas hospitals

Megan Hernbroth

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