Los Angeles-based Coco Robotics, a startup building last-mile delivery robotics, announced it raised $80 million on Wednesday.The funding round consisted of angel investors Sam Altman and Max Altman, both returning investors, in addition to VC companies like Pelion Venture Partners and Offline Ventures, amongst others.This brings the companys total funding to more than $120 million.
The company last raised a $36 million Series A round in 2021.
Cocos zero-emissions robotics can hold 90 liters worth of groceries or items and have made more than 500,000 deliveries since they struck the streets in 2020, the company said.
It says it deals with national merchants, including Subway, Wingstop, and Jack in the Box.Sam Altmans monetary interest in Coco is clear.
While hes personally providing capital to the company, OpenAI obviously gets a benefit too.
Coco announced a partnership with OpenAI in March which allows Coco to use OpenAI while the AI business gets the real-world information the robotics gather to train its models.The business was founded in 2020 by Brad Squicciarini and Zach Rash.A Technology NewsRoom connected to Coco for more details.