Many venture industry observers have wondered whether Andreessen Horowitz, a firm that manages $45 billion, has its sights on eventually becoming a publicly traded company. Co-founder Marc Andreessen said he isn’t “chomping at the bit to take the firm public,” on this week’s Invest Like the Best podcast. But he discussed his goal of building…
Category: a16z
a16z, Global IT News, Global Security News, Government, Government & Policy
VC industry reacts to Trump nominating a16z’s Brian Quintez for regulatory role
Brian Quintenz, who leads policy for Andreessen Horowitz’s crypto team, announced on Wednesday that he’s being tapped to head the Commodity Futures Trading Commission (CFTC), according to his X post. And many in the VC industry appear to be thrilled about it. The CFTC regulates the trading of commodity futures, options, and swaps, otherwise known…
a16z, Daniel Penny, Global IT News, Global Security News, Government & Policy, Venture
a16z stands by decision to hire Daniel Penny
Andreessen Horowitz is defending its decision to hire Daniel Penny, according to an investor memo seen by The New York Times. The venture capital firm caused a stir earlier this week after it announced it would hire Penny, who was acquitted last year of choking a homeless man to death in the New York City…
a16z, Europe, Global Security News, TC, Venture, Venture scouts
a16z has venture scouts scattered across Europe
Despite news that Andreessen Horowitz closed its London crypto-focused office, the VC reportedly still has dozens of scouts in Europe looking for startups. © 2024 TechCrunch. All rights reserved. For personal use only.
a16z, funding round, Gaming, Global IT News, Global Security News, Startups, TC
Little Umbrella’s next Jackbox-style game pits you and your friends against an AI game show host
Web-based party games are making a comeback, now with the infusion of generative AI. Among the startups joining the trend, the current forecast looks good for one startup, Little Umbrella, which leverages AI for its social party games. The company announced on Thursday its $2 million seed funding round. Little Umbrella plans to use the…
a16z, Crypto, Global IT News, Global Security News
Documents show UK wooed a16z for five years
UK documents show that the UK’s Department of Business and Trade spent five years convincing Andreessen Horowitz to create a presence in London, only for the US firm to leave 18 after launching an office, according to government documents obtained by Sifted. In 2023, a16z launched a crypto office in London, deeming the crypto environment…
a16z, Exclusive, Global IT News, Global Security News, PropTech, Real estate, Startups
Some shareholders of a16z-backed Divvy Homes may not see a dime from $1B sale
The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal. The terms — and Divvy’s journey from buzzy startup to acquisition target — reflects the rollercoaster ride the proptech industry has endured over the past decade.…
a16z, Andressen Horowitz, Apps, content creators, creator economy, Funding, Global IT News, Global Security News, Social, Startups
Livestream app Favorited, a new TikTok alternative, gets backing from a16z
This month, drama unfolded across mainstream social media platforms like TikTok, which briefly went dark in the U.S. before a rapid return. Instagram recently faced backlash after ending its third-party fact-checking program. At the same time, startups like Favorited are attracting attention from investors, creators, and viewers. On Wednesday, the livestream app announced its $1.3…
a16z, AI, design, Exclusive, Fashion, Global IT News, Global Security News, greycroft, Startups
Raspberry AI raises $24M from a16z to accelerate fashion design
The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously. To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry…
a16z, AI, Biotech & Health, General Catalyst, Global IT News, Global Security News, Kleiner Perkins, nvidia, patients, Startups
Hippocratic AI raises $141M for creating patient-facing AI agents
Hippocratic AI, a startup building AI solutions that can handle non-diagnostic patient-facing tasks, secured a massive $141 million Series B at a valuation of $1.64 billion led by Kleiner Perkins, the company announced Thursday. The funding comes nine months after Hippocratic AI raised a $53 million round from General Catalyst and Andreessen Horowitz and five…
a16z, flock safety, Global IT News, Global Security News, Policy, sales, Startups
Flock Safety quietly hired a sitting California mayor. Now he’s suing Flock
Last year, police surveillance startup Flock Safety hired the mayor of a California city with over 200,000 residents to promote its products. But the mayor, Ulises Cabrera of Moreno Valley, now claims Flock wrongfully terminated him, partly because he refused to use his position as mayor to benefit Flock, according to a lawsuit Cabrera filed…
a16z, Biotech & Health, General Catalyst, Global IT News, Global Security News, h1, M&A, Startups, venture-backed M&A
Healthcare analytics platform H1 has acquired Ribbon, backed by a16Z and General Catalyst
H1, a healthcare data analytics platform serving the pharmaceutical industry with data on over 10 million healthcare professionals, has acquired Ribbon, a startup that helps patients find doctors that are supported by their insurance. Financial terms of the deal have not been disclosed. The last time that Ribbon — founded in 2016 and a Y…
a16z, AI, Carecode, Fundraising, Global IT News, Global Security News, QED, Startups, TC
Backed by a16z and QED, Brazilian startup Carecode puts AI agents to work on healthcare
AI holds huge promise for healthcare, but not just on the medical side; many startups are convinced machine learning-based systems can do a lot of good on adjacent tasks such as appointment scheduling and confirmations. Brazilian startup Carecode is among these AI believers. It’s coming out of stealth with an ambition to reduce healthcare costs…
a16z, AI, AI coding tools, Anysphere, cursor, Exclusive, Global IT News, Global Security News, Startups, Thrive Capital
In just 4 months AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say
Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is being led by returning investor Thrive Capital, the person said. This new funding comes just four months after Anysphere raised its $60 million Series…
3d printing, a16z, AI, Exclusive, Global IT News, Global Security News, markforged, Startups
Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs
Led by Markforged veterans and backed by a16z, Backlip has raised $30M to democratize product design thanks to AI. © 2024 TechCrunch. All rights reserved. For personal use only.
a16z, AI, Artificial Intelligence (AI), david sacks, Global IT News, Global Security News, Marc Andreessen, sam altman, Venture
Why Marc Andreessen was ‘very scared’ after meeting with the Biden administration about AI
What scared him most was what some said about the government’s role in AI, and what he described as a young staff who were “out for blood. ” © 2024 TechCrunch. All rights reserved. For personal use only.