Andreessen Horowitz (also called a16z) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California.
Andreessen Horowitz invests in both early-stage start-ups, which may raise just $50,000, and established growth companies, which often raise tens of millions of dollars. Andreessen Horowitz’s investments span the mobile, gaming, social, e-commerce, education and enterprise IT (including cloud computing, security, and software as a service) industries.
The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists.
Bastion plans to use the funds to scale its operations, attract top engineering talent, and secure additional licensing to diversify its product offerings.
For many in the crypto industry, this approval signifies a notable regulatory achievement for both the company and the broader crypto landscape due to the ongoing legal battle between the exchange and the US SEC.
