Coco Robotics Raises $80M Backed by Sam Altman

Coco Robotics Secures $80 Million in Funding

Coco Robotics, a startup headquartered in Los Angeles and focused on the development of last-mile delivery robots, has announced the completion of an $80 million funding round.

Investment Details

The funding was provided by a combination of angel investors and venture capital firms. Notably, Sam Altman and Max Altman, both previous investors, participated in this round.

Pelion Venture Partners and Offline Ventures were among the VC firms contributing to the $80 million total.

Funding Timeline

According to Nadia Jamshidi, a spokesperson for Coco Robotics, the $80 million represents a cumulative amount raised through various funding events occurring between 2021 and 2025.

Strategic Partnership with OpenAI

A partnership was established with OpenAI in March, creating a mutually beneficial relationship. Coco Robotics is able to leverage OpenAI’s technologies, while OpenAI gains access to real-world data gathered by the robots for model training purposes.

It has been confirmed by Jamshidi that Sam Altman’s investment decisions were separate from the discussions between Coco and OpenAI.

His most recent investment in Coco Robotics occurred over six months prior to the finalization of the OpenAI agreement.

Robot Capabilities and Performance

Coco’s robots are designed to be zero-emission vehicles, capable of carrying up to 90 liters of groceries or other merchandise.

Since their initial deployment in 2020, these robots have successfully completed over 500,000 deliveries.

The company collaborates with several national retail chains, including Subway, Wingstop, and Jack in the Box.

Company Origins

Coco Robotics was founded in 2020 by Brad Squicciarini and Zach Rash.

Note: This article has been updated to reflect additional clarifying information provided by Coco Robotics regarding the timing of its fundraising activities.