Los Angeles-based Coco Robotics has raised $80 million in fresh funding to expand its fleet of zero-emission delivery robots.
The round included returning investors Sam Altman and Max Altman, along with Pelion Venture Partners and Offline Ventures. This brings Coco’s total funding to over $120 million.
Real-world AI and retail traction
Founded in 2020, Coco Robotics builds autonomous delivery bots capable of transporting up to 90 liters of goods. The startup claims it has already completed over 500,000 deliveries and works with major brands like Subway, Wingstop, and Jack in the Box.
The company also partnered with OpenAI earlier this year, using OpenAI’s models to enhance robot capabilities while providing the AI lab with real-world training data.
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Backed by familiar names
Sam Altman, known for his leadership at OpenAI, has a dual stake in Coco—as a private investor and through data collaboration. The company was founded by Brad Squicciarini and Zach Rash. Coco last raised $36 million in 2021 during its Series A.
