Coco has raised $116.0M in total across 2 funding rounds.
Coco's investors include 8090 Industries, Andreessen Horowitz, Atomic, Felicis Ventures, Kapor Capital, Outlander Labs, Pelion Venture Partners, Saga, SNR, Peter Chernin, TPG, XYZ Venture Capital.
Coco is a Santa Monica-based technology company specializing in robotic delivery services for the logistics and food delivery sector. It develops purpose-built, remotely piloted electric sidewalk robots to deliver meals, groceries, and other goods, making deliveries more affordable, reliable, and sustainable while primarily serving local restaurants and food service businesses.[1][2]
The company solves key challenges in last-mile delivery, such as high costs, unreliability, and environmental impact, by leveraging human-piloted robots that navigate urban sidewalks. Founded in 2020 (formerly Cyan Robotics), Coco has raised $41.5M, achieved secondary market status, and shown strong growth with a Mosaic Score increase of +114 points in the past 30 days, partnering with hundreds of top brands.[1][2]
Coco was founded in 2020 in Santa Monica, California, by Zach Rash (CEO and co-founder) and Brad Squicciarini (CTO and co-founder), initially under the name Cyan Robotics.[1][2] Rash leads the company as CEO, focusing on scaling robot delivery operations, while Squicciarini, a UCLA Computer Science graduate, built the first robotic platforms and now oversees autonomy, robotics engineering, and system architecture for urban fleets.[2]
The idea emerged from addressing inefficiencies in food and grocery delivery, pivoting to human-piloted sidewalk robots for reliable urban navigation. Early traction came through partnerships with local restaurants and brands, enabling rapid deployment and funding of $41.5M to expand its fleet and operations.[1][2]
Coco rides the last-mile delivery automation trend, fueled by e-commerce growth, rising food delivery demand post-pandemic, and urban sustainability mandates. Timing is ideal amid labor shortages and high courier costs, with market forces like electric vehicle adoption and sidewalk robot regulations favoring scalable solutions in dense cities.[1]
It influences the ecosystem by partnering with restaurants and grocers, lowering barriers in grocery retail tech (648 startups) and supply chain logistics (5,729 companies), potentially setting standards for hybrid human-robot delivery models that prioritize affordability and reliability.[1]
Coco is poised for expansion into more urban markets and full autonomy, leveraging its $41.5M funding and engineering talent to capture share in the booming $100B+ last-mile sector. Trends like AI-enhanced piloting, regulatory greenlights for sidewalk robots, and grocery e-commerce surges will shape its path, evolving its influence from niche food delivery to broader logistics disruption—building on its mission to make deliveries cheaper and greener from day one.[1][2]
Coco has raised $116.0M across 2 funding rounds. Most recently, it raised $80.0M Series B in June 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2025 | $80.0M Series B | 8090 Industries, Andreessen Horowitz, Atomic, Felicis Ventures, Kapor Capital, Outlander Labs, Pelion Venture Partners, Saga, SNR, Peter Chernin, TPG, XYZ Venture Capital, Aaron Levie, Abe Burns, Howard Schultz, Leonardo DiCaprio, Nick Caldwell, Sam Altman, Sam Nazarian, Tom Steyer | |
| Aug 1, 2021 | $36.0M Series A | 8090 Industries, Andreessen Horowitz, Atomic, Bennu, CRV, Entrée Capital Ventures, Felicis Ventures, Founders Fund, Global Founders Capital, Greylock, IVP, Kapor Capital, LAUNCH, Luv Ventures, Monozukuri Ventures, Outlander Labs, Pelion Venture Partners, Peterson Ventures, Saga, Scopus Ventures, Sequoia Capital, SNR, Sweet Capital, Peter Chernin, TPG, Uncork Capital, Wing Venture Capital, XYZ Venture Capital, Zinc, Aaron Levie, Abdul Hye, Abe Burns, Aryeh Mergi, Eric Quidenus-Wahlforss, Howard Schultz, Joe White, Leonardo DiCaprio, Matthew Dellavedova, Nick Caldwell, Sam Altman, Sam Nazarian, Simon Beckerman, Tom Steyer |
