Coco Robots Raises $80M, Backed by Sam Altman
Los Angeles Delivery Robotics Startup Secures Major Funding
Los Angeles-based Coco Robotics has successfully raised $80 million in its latest funding round, bringing its total financing to over $120 million. The robotic delivery startup, which specializes in last-mile autonomous solutions, announced the milestone on Wednesday.
High-Profile Investors Fuel Growth
The funding round attracted notable angel investors including Sam Altman (OpenAI CEO) and his brother Max Altman, both returning supporters of the company. Venture capital firms Pelion Venture Partners and Offline Ventures also participated in the raise. This follows Coco’s $36 million Series A round in 2021.
Zero-Emission Robots Making Waves
Since launching in 2020, Coco’s eco-friendly delivery robots have:
- Completed 500,000+ deliveries
- Carried up to 90 liters of goods per trip
- Partnered with major chains like Subway, Wingstop, and Jack in the Box
OpenAI Partnership Boosts AI Capabilities
The company recently revealed a strategic research collaboration with OpenAI, creating a mutually beneficial relationship:
- Coco gains access to OpenAI’s advanced AI models
- OpenAI receives valuable real-world data from delivery operations to refine its algorithms
Founders Driving Innovation
Founded in 2020 by Brad Squicciarini and Zach Rash, Coco Robotics continues to expand its autonomous delivery platform. The fresh capital will likely accelerate deployment and technological advancements in the competitive last-mile delivery robotics sector.
As the autonomous vehicle space grows increasingly crowded, Coco’s combination of practical delivery experience and artificial intelligence partnerships positions it as a company to watch in the evolving landscape of contactless fulfillment solutions.