INSUBCONTINENT EXCLUSIVE:
Los Angeles-based Coco Robotics, a startup building last-mile delivery robotics, announced it raised $80 million on Wednesday.The funding
round consisted of angel investors Sam Altman and Max Altman, both returning investors, in addition to VC companies like Pelion Venture
Partners and Offline Ventures, amongst others.This brings the companys total funding to more than $120 million
The company last raised a $36 million Series A round in 2021
Cocos zero-emissions robotics can hold 90 liters worth of groceries or items and have made more than 500,000 deliveries since they struck
the streets in 2020, the company said
It says it deals with national merchants, including Subway, Wingstop, and Jack in the Box.Sam Altmans monetary interest in Coco is clear
While hes personally providing capital to the company, OpenAI obviously gets a benefit too
Coco announced a partnership with OpenAI in March which allows Coco to use OpenAI while the AI business gets the real-world information the
robotics gather to train its models.The business was founded in 2020 by Brad Squicciarini and Zach Rash.A Technology NewsRoom connected to
