Coco Robotics

Coco Robotics (formerly Cyan Robotics) develops a remote-controlled last-mile delivery droid. Its latest version of the droid “COCO 1,” comes with a carrying capacity to hold up to four grocery bags and can travel a radius of up to three miles. The unit is also equipped with GPS, multiple cameras and sensors to assist remote pilots, and has a two-way microphone to interact with pedestrians. 

As of February 2024, the company had a fleet of “hundreds” of droids, delivering food from more than 50 restaurants. The company had operations in Los Angeles (California), Austin, Dallas, Houston (Texas), and Miami (Florida).

Key customers and partnerships

As of February 2024, Coco Robotics’ partnering restaurants included Jinya Ramen Bar, Goop Kitchen, DK’s Donuts, Main Chick Hot Chicken, Kitchen United Mix, Sweefin, Alfalfa, Lulubowls, Kreation Organic, TSUJITA Annex, Colony, and Bay Cities Italian Deli & Bakery.

The company’s product partnerships include 1) DriveU.auto to integrate the latter’s teleoperation and connectivity platform into its droids (January 2022); and 2) micro-mobility hardware manufacturer Segway, to manufacture the droids (December 2021).

Funding and financials

In August 2021, Coco raised USD 36 million in a Series A funding round co-led by Sam Altman, Silicon Valley Bank, and Founders Fund, to expand the team, introduce hardware improvements, and expand geographical coverage.