Los Angeles-based Coco Robotics, a startup constructing last-mile supply robots, announced it raised $80 million on Wednesday.
The funding spherical included angel traders Sam Altman and Max Altman, each returning traders, along with VC corporations like Pelion Enterprise Companions and Offline Ventures, amongst others.
This brings the corporate’s complete funding to greater than $120 million. The corporate final raised a $36 million Collection A spherical in 2021.
Coco’s zero-emissions robots can maintain 90 liters price of groceries or items and have made greater than 500,000 deliveries since they hit the streets in 2020, the corporate stated. It says it really works with nationwide retailers together with Subway, Wingstop and Jack within the Field.
Sam Altman’s monetary curiosity in Coco is obvious. Whereas he’s personally offering capital to the corporate, OpenAI apparently will get a profit too. Coco announced a partnership with OpenAI in March which permits Coco to make use of OpenAI whereas the AI firm positive aspects the real-world information the robots gather to coach its fashions.
The corporate was based in 2020 by Brad Squicciarini and Zach Rash.
TechCrunch reached out to Coco for extra data.