Coco Robotics, a cool startup from Los Angeles, just grabbed $80 million to grow its robot delivery game. Backed by OpenAI’s Sam Altman, they build these small, cooler-sized robots that zip around cities dropping off food and stuff. This cash bump pushes Coco’s total funding past $110 million, which shows folks really dig their plan to make deliveries green and cheap.
The funding was led by SNR, a venture capital crew, with others like Pelion Venture Partners, Offline Ventures, and Sam’s brother, Max Altman, jumping in too. Coco’s teamed up with big players like Uber Eats and DoorDash to get their robots rolling to more people. Since kicking off in 2020, they’ve done over 500,000 deliveries with no emissions in the US and Europe.
Their robots use OpenAI tech to cruise through busy streets, dodge stuff, and make quick calls on the fly. This deal also lets them share delivery data to make their AI even sharper. CEO Zach Rash said the new funds will help them hit more cities and level up their tech. He’s all about making things work now, not years down the road.
This cash drop shows how pumped people are about robot deliveries in cities. Coco’s out to make deliveries faster, cheaper, and better for the planet, which could totally change how we get our takeout and packages. With Sam Altman in their corner and ties to major delivery apps, Coco Robotics is ready to shake things up big time.