Robotics

Altman-Backed Coco Robotics Raises $80M for Delivery Robots

Ken Metral

11 Jun 2025 — 1 min read

Credit: Cyan Robotics, Inc.

Coco Robotics, the Los Angeles-based startup revolutionizing last-mile delivery, has secured $80 million in fresh funding, further fueling its mission to transform urban logistics through zero-emissions robots. The funding round, announced Wednesday, saw participation from returning angel investors Sam Altman and Max Altman, along with prominent venture firms including Pelion Venture Partners and Offline Ventures.

This latest investment brings Coco’s total funding to over $120 million, following a $36 million Series A round in 2021. The company has gained attention for its compact, electric-powered delivery robots capable of carrying up to 90 liters of goods. Since first deploying in 2020, Coco claims its fleet has completed over 500,000 deliveries for major national retailers such as Subway, Wingstop, and Jack in the Box.

Co-founded by Brad Squicciarini and Zach Rash, Coco has positioned itself as a key player in the growing demand for sustainable, efficient last-mile delivery solutions in urban settings.

Beyond financial backing, Sam Altman's involvement in Coco also has strategic dimensions. In March, Coco announced a partnership with OpenAI that enables the robotics company to leverage OpenAI’s models, while OpenAI benefits from real-world data gathered by Coco’s delivery robots to improve its AI systems. This synergy suggests a deeper integration between AI innovation and robotics deployment, potentially setting a new standard in how machine learning systems are trained and refined using live operational data.

With its combination of cutting-edge robotics, AI integration, and sustainability, Coco is poised to expand its footprint in urban delivery—reshaping how goods move through city streets.

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