Los Angeles-based Coco Robotics, a startup developing last-mile delivery robots, announced an $80 million fundraising round. The funding came from angel investors Sam Altman and Max Altman, along with VC firms like Pelion Venture Partners and Offline Ventures. The company’s partnership with OpenAI allows them to use OpenAI technology while providing real-world data for training AI models. Coco’s zero-emissions robots have completed over 500,000 deliveries since 2020 and work with national retailers like Subway, Wingstop, and Jack in the Box. Founded in 2020 by Brad Squicciarini and Zach Rash.
