a16z Raise Record $10BN (Patreon)

a16z (Andreessen Horowitz), a venture capital firm, raised a record $10 billion for investments in AI and defense technology. This represents a 1.4x increase from their $7.2 billion fund in April 2024.

The $10 billion fund will be allocated as follows:

• $1.5 billion each for AI applications and infrastructure funds.

• ~$6 billion for investments in more mature companies, nearly doubling their previous "growth" fund.

• The rest for a16z's "American Dynamism" initiative, focusing on defense