ANDREESSEN HOROWITZ RAISES $15 BILLION, DOUBLING DOWN ON AI AND DEFENSE STARTUPS

Andreessen Horowitz has raised more than $15 billion across five new funds less than two years after its last fundraising haul, the venture capital firm said on Friday, as large VC funds continue to attract capital to meet strong investor appetite for technology startups, amid the rapid adoption of artificial intelligence.

Andreessen Horowitz, also known as a16z, raised $6.75 billion for a growth fund aimed at scaling up startups, $1.7 billion for an AI infrastructure fund and $1.12 billion for another focused on investing in national interests like defense, housing and supply chain, it said.

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