Bastion raises $25M seed, Joby to build eVTOL production plant in Ohio

Bastion, a crypto custody startup co-founded by former a16z crypto execs, raised a $25M Seed led by a16z - Link

The Information sources: OpenAI is racing to beat Google in releasing a multimodal LLM, which integrates images and text; Google is preparing to release Gemini, while OpenAI is attempting to release its own model, called GPT-Vision, first - Link

eVTOL-maker Joby Aviation will invest as much as $500M to build a new production plant in Ohio; the company is currently working on winning FAA certification to begin commercial service in 2025 - Link

The Information sources: Instacart quietly struck several stock-based deals with US grocery chains like Albertsons and Kroger, which has helped the company maintain retail partnerships in the face of growing competition - Link

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Avnos CEO Will Kain joins Jason to discuss the importance of direct air capture technology for our planet (4:07), CO2's relationship to climate change (11:02), the path to reaching net zero (36:45), and much more! - Link

KKR will acquire 20% of Singtel's regional data center business for ~$807M, valuing the business at ~$4B; Singtel is one of Singapore's largest telco companies and KKR has the option to increase its stake to 25% by 2027 - Link

Over the past ~104 days, North Korea's Lazarus Group has stolen ~$240M in crypto from four entities: Atomic Wallet ($100M), Alphapo ($60M), Stake.com ($41M), and CoinsPaid ($37.3M) - Link

Panos Panay, Microsoft's Chief Product Officer, has left the company after 19 years - Link

This Week in Startups

E1810: Next Unicorns: The Path to Reaching Net Zero with Avnos CEO Will Kain

E1809: Transforming DTC via supply chain innovations with Boll & Branch CEO Scott Tannen

E1808: Expanding AI chip capabilities beyond Nvidia with Modular CEO Chris Lattner

E1807: Inside crypto’s wild rise and fall with “Number Go Up” author Zeke Faux

E1806: Palo Alto Networks CEO Nikesh Arora on cybersecurity in the age of AI

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