Coco Robotics: On an Expansion Course Thanks to $80 Million Cash Injection

Coco Robotics, an innovative startup from Los Angeles, continues to focus on growth and technological leadership in the field of autonomous delivery robots. With an impressive investment round of 80 million dollars, the company plans to further expand its platform for autonomous deliveries. Numerous prominent investors, including Sam Altman and Max Altman, as well as venture capital firms such as Pelion Venture Partners and Offline Ventures supported the company in this endeavor. Coco Robotics owes its recent financial growth not only to the current funding round but also to the strong market response. As early as 2021, the company secured 36 million dollars in a Series A funding round. This results in an impressive total investment of over 120 million dollars, highlighting the investors' trust in Coco's emission-free, intelligent delivery solutions. Since its founding in 2020, Coco's robots have already proven themselves through more than 500,000 successful deliveries. The robots can transport goods with a volume of up to 90 liters and are among the preferred partners of large retail chains like Subway, Wingstop, and Jack in the Box. A special mention deserves the cooperation with OpenAI, announced in March. This partnership enables Coco to utilize OpenAI's artificial intelligence. At the same time, OpenAI benefits from the rich amount of real data collected by the robots during their delivery trips, contributing to the improvement of their models. Coco Robotics was founded by Brad Squicciarini and Zach Rash. With its technology and ambitious goals, the company demonstrates that the future of the last mile in the field of supply chains has already begun.