a16z eyes $10B in new funds, but leaves crypto behind despite bullish talk

Andreessen Horowitz is reportedly raising around $10 billion for new AI and defense investments, notably excluding crypto, despite its bullish stance on decentralization.

Venture capital firm Andreessen Horowitz (a16z) is reportedly seeking to raise around $10 billion to invest in the artificial intelligence and defense industries, but crypto, long one of its flagship sectors, is notably missing.

According to a Thursday Financial Times report citing anonymous sources, a16z is aiming to raise about $10 billion for new investments, including $6 billion for investing in more mature companies, $1.5 billion for each of the company’s AI applications and AI infrastructure funds, and over $1 billion for a defense and manufacturing-focused vehicle.

No crypto-focused fund was mentioned, marking a rare omission for one of Silicon Valley’s most influential backers of the digital asset industry.

Read more