Silicon Valley enterprise capital large Andreessen Horowitz is aiming to boost $6.9 billion from buyers for a brand new assortment of funds, together with two centered on synthetic intelligence, based on an individual acquainted with the matter.
The agency is elevating the cash for a grasp fund, with half the quantity going to the agency’s fourth development fund, stated the particular person, who requested to not be recognized discussing non-public data. Two years in the past, it raised $5 billion for its development automobile.
The remaining half of the brand new fundraise will go towards two devoted synthetic intelligence funds, a gaming fund and a fund to again startups in a discipline it calls American Dynamism, the particular person stated. The agency defines American Dynamism as firms that “handle our most urgent points” within the US, together with in sectors like aviation, protection and manufacturing.
Andreessen Horowitz will wait till subsequent yr earlier than elevating extra cash for its crypto and bio funds, the particular person stated. Andreessen Horowitz devoted $4.5 billion to crypto funds in 2022.
The agency didn’t instantly reply to a request for remark. Information of this yr’s fundraising was earlier reported by Axios.
