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Coco
15-minute last-mile delivery robots
- 201-500 employees
- B2B
- Logistics
- Robotics
- Delivery
- Wilshire Montana, Santa Monica, CA
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Company mission
To create a frictionless, reliable, consistent, and sustainable delivery experience for merchants and their customers in cities everywhere.
11% employee growth in 12 months
Our take
Demand for rapid home delivery continues to grow, but traditional gig-economy drivers are in too short a supply (and are too costly) to meet it. So top tier companies and startups alike have been racing to develop last-mile delivery robots. Coco is one of them, and has been making pretty strong strides.
Following a successful LA pilot, the company has begun launching its fleet of delivery robots to Dallas, Houston, and Miami to help companies deliver food faster and more cheaply to their customers.
This is a good start for the relative newcomer - but the delivery robot market is getting crowded. Major enterprises like Amazon and Fedex, as well as well-resourced startups Starship, Nuro, and Yandex (among others) are all seeing strong uptake. Many of them are also developing fully autonomous vehicles, where Coco’s robots are human-piloted.
This makes Coco’s deliveries competitively fast, and far more reliable - for now at least, whilst autonomous technology is still a work in progress. However, there are some suggestions that relying on remote human pilots has created similar gig-economy employment issues as we’re seen with more traditional courier companies. It may hamper Coco’s progress in future as rival refine their product
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Unlimited PTO
- Coco provides a competitive benefits package including medical, dental, and vision coverage, flexible spending accounts, unlimited PTO, and catered meals
- Medical, dental and vision coverage
- Catered meals
- Flexible spending accounts
Funding (2 rounds)
Aug 2021
$36m
SERIES A
Nov 2020
$5.5m
SEED
Total funding: $41.5m
This company has top investors
Leadership
Zach Rash
(CEO)A UCLA computer science graduate with experience in deep learning, infrastructure engineering, and autonomous vehicles.
Brad Squicciarini
(CTO)Graduated in computer science from UCLA, with a focus on robotic learning and autonomous vehicle research.