Instacart prices IPO at $30/share, Levelpath raises $30M Series A

Instacart priced its IPO at $30/share, representing a ~$10B fully diluted valuation; at its peak, Instacart was valued at $39B in 2021 - Link

Levelpath, a SaaS platform that helps businesses manage enterprise procurement services, raised a $30M Series A led by Redpoint - Link

On a Spaces livestream, Elon Musk said X now has 550M monthly users and is considering charging all users a small monthly fee to combat bot armies - Link

Superorder, a full-service platform that helps restaurants boost revenue from “off-premise” orders like delivery and pickup, raised $10M in a round led by Foundation Capital - Link

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Sunny Madra joins Jason to discuss his All-In Summit experience (1:34), OpenAI’s race to beat Google in launching the first multimodal LLM (9:07), whether generative AI needs a UI shift (33:00), and much more! - Link

LastMile AI, a startup that helps developers create and integrate generative AI models into their apps, raised a $10M Seed led by Gradient, Google’s AI-focused VC fund - Link

Alyssa Henry, the CEO of Block’s Square unit, will retire in October after nine years, with Jack Dorsey becoming “Square Head” in addition to being chairperson and “Block Head” - Link

Bloomberg sources: Amazon will hire former Microsoft Chief Product Officer Panos Panay to run its Alexa and Echo unit as Amazon’s longtime head of hardware, Dave Limp, plans to retire before the end of the year - Link

Citigroup has debuted a new product called Citi Token Services, which allows institutional clients to convert deposits into digital tokens that can be sent instantly anywhere in the world - Link

This Week in Startups

E1811: OpenAI and Google race to launch multimodal LLM plus AI demos with Sunny Madra

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

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