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Sam Altman-backed Coco Robotics raises $80M


Based in Los Angeles Robotic coconutA startup building for the last mile delivery robots, announcement He collected $ 80 million on Wednesday.

The financing tour included providential investors Sam Altman and Max Altman, both return investors, in addition to venture capital companies such as Pelion Venture Partners and Offline Ventures, among others.

This covers total business funding to more than $ 120 million. The company raised a series of $ 36 million per turn in 2021.

Coconut zero-emission robots can contain 90 liters of grocery or goods and have made more than 500,000 deliveries since their arrival in the streets in 2020, the company said. He says he works with national retailers, including Subway, Wingstop and Jack in the box.

Sam Altman’s financial interest in Coco is clear. Although it personally provides capital to the company, Openai also obtains an advantage. Coconut announced a partnership with Openai in March This allows Coco to use OPENAI while the company of IA wins the real data that robots collect to form its models.

The company was founded in 2020 by Brad Squicciarini and Zach Rash.

Techcrunch contacted Coco for more information.



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