Coco Robotics, a Los Angeles-based delivery fleet, has closed a new $80 million funding round, bringing its total capital raised to over $120 million since its 2020 launch. The oversubscribed round welcomed back angel investors Sam Altman and Max Altman, alongside leading venture capital firms Pelion Venture Partners and Offline Ventures. This fresh influx follows the company’s $36 million Series A financing in 2021.

A Powerful Fleet of Zero-Emissions Robots

Co-founders Brad Squicciarini and Zach Rash have built a fleet of compact, zero-emission delivery robots capable of hauling up to 90 litres of groceries and goods. Since hitting the streets, these last-mile delivery robots have completed more than 500,000 deliveries for national chains such as Subway, Wingstop, and Jack in the Box.

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Strategic Partnership with OpenAI 

In March, Coco Robotics announced a groundbreaking collaboration with OpenAI, integrating advanced AI into its robotic systems. In turn, OpenAI gains access to Coco’s richly detailed real-world data, invaluable for training next-generation AI models. While Sam Altman continues to invest personally, his leadership as CEO of OpenAI amplifies the strategic alignment between autonomous logistics and artificial intelligence. This dual role underscores a broader industry trend: robots not only transporting goods but also powering AI innovation.