PYMNTS.com April 17, 2024
Andreessen Horowitz has raised $7.2 billion for tech startups including those in the AI sector.
The funding, announced by the venture capital (VC) group Tuesday (April 16), comes as the VC sector is increasingly focused on artificial intelligence (AI) as both an investment target and a tool for making investment decisions.
As PYMNTS has written, Andreessen Horowtiz is among the major players in the AI space. According to a company news release, the bulk of the new funding — $3.75 billion — will go to projects in Andreesen Horowtiz’s “Growth” category, for latter-stage startups, while $1.25 billion will be allocated for firms building AI infrastructure, and $1 billion for startups creating AI applications, with a team of investors focused on...
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