Coco Robotics Raises $80M for AI Delivery Bots
LA Startup Secures Major Funding for Autonomous Delivery Solutions
Los Angeles robotics company Coco Robotics has secured $80 million in fresh funding to expand its fleet of AI-powered delivery bots. The announcement marks a significant milestone for the autonomous logistics startup since its 2020 launch.
Investor Backing and Financial Growth
The latest funding round attracted notable investors including OpenAI CEO Sam Altman and his brother Max Altman, both returning supporters of the company. Venture capital firms Pelion Venture Partners and Offline Ventures also participated, bringing Coco’s total funding to over $120 million.
This injection follows the company’s $36 million Series A round in 2021, demonstrating strong market confidence in their autonomous delivery technology.
Eco-Friendly Delivery Technology
Coco’s zero-emission robots feature:
- 90-liter cargo capacity for groceries and goods
- 500,000+ deliveries completed since 2020 deployment
- Partnerships with major brands including Subway, Wingstop, and Jack in the Box
OpenAI Collaboration Boosts AI Capabilities
The investment aligns with Coco’s strategic AI partnership with OpenAI, announced earlier this year. This collaboration provides:
- Access to cutting-edge AI models for Coco’s delivery systems
- Valuable real-world data collection for OpenAI’s model training
- Technological synergy between robotics and artificial intelligence
Founded by Brad Squicciarini and Zach Rash, Coco Robotics continues to reshape last-mile delivery through intelligent automation. The company represents a growing trend of robotics solutions addressing urban logistics challenges.
With this substantial funding boost, Coco is poised to expand its autonomous delivery network and further integrate AI advancements into its operations.