Cyan Robotics, Inc. Asset Profile

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Year established

2019

Location

Santa Monica CA US

Primary Industry

Consumer Services

About

Based in California, US, and founded in 2019 by Zach Rash and Brad Squicciarini, Cyan Robotics, Inc., trading under the name Coco, operates as a food delivery service that uses robots with remote human operators to shuttle food and other goods to customers. In November 2020, the company received venture funding from Sam Altman and Jeff Kearl (Pelion Ventures). Coco is also a platform that offers the opportunity to manage your own robot fulfillment center which suggests that the operation is streamlined to minimize the number of human workers and increase potential earnings for partners. Coco robots use cameras and GPS information to navigate. The robots are guided by a remote human operator called Coconauts. Coco has grown to a team of 70+ people, deployed 50 new robots, and launched multiple cities within LA County, where it allows grocery stores, restaurants, and convenience stores to deliver to their customers at a reduced cost. The company is planning to add thousands of robots to its fleet with the goal of fulfilling 10,000+ deliveries per day. The venture funding received will help the company to expand its robot delivery fleet across Los Angeles and to grow its core team.

Current Investors

Founders Fund, Silicon Valley Bank, Reform Ventures

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Primary Industry

Consumer Services

Sub Industries

Courier & Delivery Services, Logistics Software

Website

www.cocodelivery.com

Verticals

Artificial Intelligence, Manufacturing, Mobile Apps, Robotics

Company Stage

Series A

Total Amount Raised

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