Los Angeles-based Coco Robotics Raises $80 Million to Expand Autonomous Delivery and AI Platform
Coco Robotics, a startup specializing in building last-mile delivery robots, recently announced a successful funding round that raised $80 million. This funding was made possible by a combination of angel investors such as Sam Altman and Max Altman, along with venture capital firms like Pelion Venture Partners and Offline Ventures.
With this latest funding round, Coco Robotics has now raised over $120 million in total, building on the success of their previous $36 million Series A round in 2021.
The company’s zero-emissions robots have a capacity of 90 liters for groceries or goods, and have already completed over 500,000 deliveries since their launch in 2020. Coco Robotics has established partnerships with national retailers like Subway, Wingstop, and Jack in the Box.
One of the key investors, Sam Altman, not only provides capital to Coco Robotics but also has a clear financial interest through OpenAI. Coco Robotics announced a collaboration with OpenAI in March, allowing them to leverage OpenAI’s technology while providing valuable real-world data to train AI models.
Founded in 2020 by Brad Squicciarini and Zach Rash, Coco Robotics continues to push the boundaries of autonomous delivery technology.
For more information, JS reached out to Coco Robotics for additional insights into their innovative approach to last-mile delivery.
