Andreessen Horowitz Seeks $10 Billion for AI and Defense Funds, Notably Excludes Crypto Despite Continued Investments
Summary
Andreessen Horowitz launches massive $10 billion fundraising campaign targeting AI and defense sectors while conspicuously omitting crypto from new fund plans, despite remaining one of Silicon Valley's biggest digital asset investors with recent $105 million in blockchain deals.
Key Points
- Andreessen Horowitz seeks to raise $10 billion for new funds focused on artificial intelligence and defense industries, with $6 billion for mature companies and $1.5 billion each for AI applications and infrastructure funds
- Crypto investments are notably absent from the fundraising plans despite a16z being one of Silicon Valley's most influential digital asset backers and recently publishing a bullish State of Crypto report
- The venture capital firm continues making crypto investments including $50 million in Jito and $55 million in LayerZero, indicating they have not abandoned the sector entirely