News Summary

Coco Robotics, a Los Angeles-based startup specializing in last-mile delivery robots, has successfully raised $80 million in a new funding round. This investment was led by notable figures including Sam Altman and Max Altman, alongside venture capital firms such as Pelion Venture Partners and Offline Ventures. With this round, Coco Robotics’ total funding has surpassed $120 million. The company, founded by Brad Squicciarini and Zach Rash in 2020, leverages zero-emissions robots for delivery and has partnered with major retailers like Subway and Wingstop. In addition to the financial backing, Coco has established a partnership with OpenAI to utilize its technology while providing real-world data to aid OpenAI’s model training.