a16z raises over $15 billion, betting on AI and crypto.

a16z announced the completion of a funding round exceeding $15 billion. This funding includes: the American Dynamism Fund ($1.176 billion), the Apps Fund ($1.7 billion), the Bio + Health Fund ($700 million), the Infrastructure Fund ($1.7 billion), the Growth Fund ($6.75 billion), and other venture capital strategy funds ($3 billion). The announcement stated that its mission is to ensure America's success in the technological competition over the next 100 years, focusing on winning key architectures such as AI and encryption. Furthermore, it will promote the application of these technologies in fields such as biology, health, defense, public safety, education, and entertainment.