Friday, August 27, 2021

Coco Connects With $36M For Delivery Robots

Los Angeles-based Coco, a new startup focused on delivery robots, said this week that it raised $36M in a Series A funding round. The funding came from Sam Altman, Silicon Valley Bank, Founders Fund, Sam Nazarian, Ellen Chen, and Mario Del Pero. The company, led by co-founder and CEO Zach Rash, is developing autonomous delivery robots, and wa sformerly known as Cyan Robotics. The company says it has now raised $43M in total funding. The company is delivering food from restaurants, including such chains as Umami Burger.