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Sam Altman-backed Coco Robotics raises $80M

  • Los Angeles-based Coco Robotics, a last-mile delivery robots startup, raised $80 million, including investments from Sam Altman and Max Altman.
  • The funding round included VC firms like Pelion Venture Partners and Offline Ventures, bringing the total funding to over $120 million.
  • Coco's robots can carry 90 liters of goods and have completed over 500,000 deliveries, working with retailers like Subway and Wingstop.
  • Sam Altman is an angel investor in Coco, with OpenAI benefiting from a partnership allowing the use of real-world data collected by the robots.
  • Founded in 2020, Coco Robotics was established by Brad Squicciarini and Zach Rash.
  • TechCrunch has reached out to Coco for additional details about the funding and their operations.

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