Silicon Valley enterprise capital big Andreessen Horowitz is aiming to boost $6.9 billion from traders for a brand new assortment of funds, together with two centered on synthetic intelligence, in line with 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, mentioned the particular person, who requested to not be recognized discussing personal info. 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 subject it calls American Dynamism, the particular person mentioned. The agency defines American Dynamism as firms that “address our most pressing issues” 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 mentioned. 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.
