Andreessen Horowitz Is Planning to Raise Two AI-Focused Funds
The funds are part of a $6.9 billion fundraising effort for the Silicon Valley VC firm.
Marc Andreessen, co-founder and general partner of Andreessen Horowitz.
Photographer: David Paul Morris/Bloomberg
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Silicon Valley venture capital giant Andreessen Horowitz is aiming to raise $6.9 billion from investors for a new collection of funds, including two focused on artificial intelligence, according to a person familiar with the matter.
The firm is raising the money for a master fund, with half the amount going to the firm’s fourth growth fund, said the person, who asked not to be identified discussing private information. Two years ago, it raised $5 billion for its growth vehicle.