a16z raises over $15 billion, betting on AI and crypto.
TL;DR
a16z has raised over $15 billion across multiple funds, focusing on AI and crypto to drive U.S. technological leadership in areas like biology, health, and defense.
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Odaily Odaily reports that a16z has just completed raising over $15 billion in funding. This funding includes: the American Dynamism Fund ($1.176 billion), the Apps Fund ($1.7 billion), the Bio + Health Fund ($700 million), the Infrastructure Fund ($1.7 billion), the Growth Fund ($6.75 billion), and other venture capital strategy funds ($3 billion).
The announcement states that its mission is to ensure the United States wins the technological competition over the next 100 years, with a focus on winning key architectures such as AI and encryption. Furthermore, it will promote the application of these technologies in fields such as biology, health, defense, public safety, education, and entertainment.