Zach Rash wanted to be a professional surfer. So much so, that in high school, there was more surfing than academics.
That all changed when Rash reached UCLA and met Brad Squicciarini. It wasn’t long before the two spent every waking hour together in a small room building robots.
“We spent like our entire life in this like box at UCLA with no windows, and we’re just building robots from scratch, and it was the best job ever.”
Eventually, the real world came knocking as Rash and Squicciarini graduated and had to find jobs. After applying for many of the same positions, they eventually decided they should just start their own robot company.
“We just had a lot of really strong opinions about what it would take to get these things into the world and make them useful. So… decided to do it ourselves.”
Coco launched in early 2020. “We started building them in our living room and we couldn’t get more wheels… so it was a bit of a sketchy robot.” Still, their first merchant deployment went smoothly. “The first day of the business, I mean, we gave it to a merchant and Brad and I just took turns driving it and fixing it.”
They faced steep financing challenges: “We didn’t have any money… Even if you’re only building a few, you know, it’s still going to cost you tens of thousands of dollars.” They pitched more than 200 investors before raising a modest $50,000 to start. “We thought that was a lot of money and we built a few robots with that and kind of proved out that we could run a service, not just build the robot.”
Their persistence paid off. In June 2025, Coco raised $80 million, led by angel investors Sam Altman and his brother Max, alongside Pelion Venture Partners, Offline Ventures, and others.
This brought Coco’s total funding to over $110 million, which Rash says the company plans to use to scale its operations and technology.
“Coco Robotics will use the new funds to improve the technology and to scale up its fleet,” Rash told Techcrunch. “The company expects to go from low‑thousands to 10,000 robots by the end of next year.”
According to the company, Coco bots have delivered over 500,000 items to date, working with retailers like Subway, Wingstop, Jack in the Box, Uber Eats and DoorDash.
It’s only been a few short years since Rash was largely concerned about surfing, but now, armed with funding and lots of interest from retail partners, he’s ready to ride to the wave of growth of his robot delivery company.
“We’re building as many as we can as fast as we can.”
Zach will be speaking at SKS 2025 tomorrow, so make sure to get your tickets. You can listen to our conversatoin on the latest episode of The Spoon podcast below, on Apple Podcasts or Spotify, or wherever you get your podcasts.