FunkyBots is an innovative startup that operates at the intersection of technology, fitness, and entertainment. The company focuses on developing cutting-edge augmented reality (AR) gaming and motion sensor applications. Their primary clients include fitness enthusiasts, dancers, and gamers who are looking for interactive and engaging ways to stay active and entertained.

FunkyBots has made significant strides in the AR gaming market, a rapidly growing sector that combines digital and physical experiences. The company has developed several pioneering products, such as Atomic Bands, the first smart Bluetooth gaming bands, and Taichi Temple, the first motion sensor app for tai chi. They also created Funky Dance, a motion sensor app for street dance, which allows users to learn and practice dance moves interactively.

The business model of FunkyBots revolves around the sale of their innovative hardware and software products. They generate revenue through direct sales of their smart devices and apps, as well as through partnerships with major companies like Technogym, TCL, and Alcatel. These partnerships not only help in product development but also in expanding their market reach.

One of the most groundbreaking aspects of FunkyBots is their vision to create a platform that pays royalties to movement artists. This platform aims to provide a new revenue stream for dancers and other movement artists, allowing them to earn money without having to perform behind celebrities like Justin Bieber. This initiative could revolutionize the way movement artists monetize their skills and creativity.

FunkyBots has garnered recognition in the tech world, having been chosen by CNET as one of the Top New Gadgets of CES 2017. They have also won two accelerator programs: the Alcatel Innovation Challenge and the Technogym Wellness Accelerator, which have provided them with valuable resources and mentorship to further their growth.

Keywords: augmented reality, gaming, fitness, motion sensor, dance, tai chi, smart devices, royalties, partnerships, innovation.