Sam Altman-backed Coco Robotics raises $80M

Table of Content


Los Angeles-based Coco Robotics, a startup building last-mile delivery robots, announced it raised $80 million on Wednesday.

The funding round included angel investors Sam Altman and Max Altman, both returning investors, in addition to VC firms like Pelion Venture Partners and Offline Ventures, among others.

This brings the company’s total funding to more than $120 million. The company last raised a $36 million Series A round in 2021.

Coco’s zero-emissions robots can hold 90 liters worth of groceries or goods and have made more than 500,000 deliveries since they hit the streets in 2020, the company said. It says it works with national retailers including Subway, Wingstop and Jack in the Box.

Sam Altman’s financial interest in Coco is clear. While he’s personally providing capital to the company, OpenAI apparently gets a benefit too. Coco announced a partnership with OpenAI in March which allows Coco to use OpenAI while the AI company gains the real-world data the robots collect to train its models.

The company was founded in 2020 by Brad Squicciarini and Zach Rash.

TechCrunch reached out to Coco for more information.



Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

WTO issues 2025 Annual Report

The WTO published today (7 August) its 2025 Annual Report, providing a comprehensive account of the organization’s activities in 2024 and the early part of 2025. The Report looks back at recent key events, such as the 13th Ministerial Conference in February 2024, and describes the WTO’s work in addressing the challenges and opportunities facing...

Elad Gil joins the stage at Disrupt 2025 in October

Elad Gil isn’t just ahead of the curve — he practically lives there. Before most of the world had even asked ChatGPT its first question, Gil was writing early checks into companies like Perplexity, Character.AI, and Harvey. And that’s just a slice of the story. His track record includes seed or Series A investments in...

FIEO Signs MoU With Amazon India To Boost MSME Exports Through E-Commerce Platform

New Delhi, Aug 7 (KNN) The Federation of Indian Export Organisations (FIEO) has entered into a strategic partnership with Amazon India through a Memorandum of Understanding aimed at accelerating e-commerce exports by micro, small, and medium enterprises across the country. The agreement establishes a framework for collaborative policy development, infrastructure support, and enhanced awareness of...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Quick Links

Popular Categories

Must Read

AIMPWA © 2025- All Right Reserved. Designed and Developed by  growGX.com