Los Angeles-based startup Coco Robotics has recently secured a significant investment of $80 million to further develop its last-mile delivery robots. This funding round included notable angel investors like Sam Altman and Max Altman, as well as VC firms Pelion Venture Partners and Offline Ventures.
The latest investment brings Coco Robotics’ total funding to over $120 million, following a successful $36 million Series A round in 2021. The company’s innovative zero-emissions robots have already completed over 500,000 deliveries since their launch in 2020, catering to national retailers such as Subway, Wingstop, and Jack in the Box.
One of the key backers of Coco Robotics, Sam Altman, not only provides financial support but also benefits from a partnership between Coco and OpenAI. This collaboration, announced in March, allows Coco to utilize OpenAI’s technology while providing valuable real-world data to enhance OpenAI’s models.
Founded in 2020 by Brad Squicciarini and Zach Rash, Coco Robotics continues to make strides in the autonomous delivery industry. TechCrunch has reached out to the company for further insights on their recent developments and future plans.
