💰 Open source secondaries: Odoo, a Belgian company making open source business apps, recently held a €527 million ($527 million) secondary sale that valued the company at $5.26 billion. It was the first time the company took outside capital in eight years. Read more
🍅 Tomato robots: Four Growers is building devices that help greenhouse farms harvest plants like tomatoes. The company just raised a $9 million Series A to keep expanding into new crops and to expand its tech. Read more
🧐 Another AI model: DeepSeek, a Chinese AI researching startup, unveiled a "reasoning" AI model that is meant to rival OpenAI's o1 model. As a reminder, reasoning models allegedly fact-check themselves by spending more time on each question before answering. Read more
🐙 You can't do that: The U.S. government announced today that it has arrested five individuals associated with a multiyear hacking spree that targeted tech giants and cryptocurrency owners. The group is delightfully dubbed 0ktapus by security researchers. Read more
🔨 FTX exec avoids prison: U.S. District Judge Lewis Kaplan determined that former FTX CTO Gary Wang will not be heading to prison. Wang pled guilty to four felony counts associated with FTX's demise, but he cooperated with prosecutors the entire time. Read more
👀 Speaking of federal prosecutors: The FBI unsealed an indictment yesterday that alleges the founder of AI startup AllHere Education engaged in securities fraud, wire fraud, and aggravated identity theft in connection with defrauding investors. Another day, another Forbes 30 under 30 alum comes under legal fire. Read more
