a16z

A16z-backed Codi launches AI agent office manager

Startups /

Codi, an Andreessen Horowitz-backed startup founded by Christelle Rohaut and Dave Schuman, is launching what it hails as the first AI-powered platform to fully automate office management.   Codi was founded in 2018, in a pre-pandemic world, with a mission to help companies find flexible office spaces. It was more of a marketplace, as TechCrunch previously reported, that matched companies […]

A16z-backed Codi launches AI agent office manager Read More »

Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8 Billion

Cypto /

Kalshi, a prediction market that allows people to bet on future events, announced that it raised over $300 million at a $5 billion valuation. The company’s value has increased 2.5 times since its last fundraise just three months ago, when it was valued at $2 billion. The fresh capital came from Kalshi’s existing investor, Sequoia Capital

Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8 Billion Read More »

Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8B

Cypto /

Kalshi, a prediction market that allows people to bet on future events, announced that it raised over $300 million at a $5 billion valuation. The company’s value has increased 2.5x since its last fundraise just three months ago, when it was valued at $2 billion. The fresh capital came from Kalshi’s existing investor, Sequoia Capital, with

Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8B Read More »

Andreessen Horowitz denies report of India office, calls it ‘fake news’

Venture /

Venture capital firm Andreessen Horowitz (a16z) has pushed back on local media reports suggesting it plans to open an office in India, with a general partner calling the coverage “entirely fake news.” Earlier on Thursday, Indian media outlets reported that a16z was preparing to establish a physical presence in the country by setting up an

Andreessen Horowitz denies report of India office, calls it ‘fake news’ Read More »

This distributed data storage startup wants to take on Big Cloud

Fundraising /

The explosion of AI companies has pushed demand for computing power to new extremes, and companies like CoreWeave, Together AI and Lambda Labs have capitalized on that demand, attracting immense amounts of attention and capital for their ability to offer distributed compute capacity. But most companies still store data with the big three cloud providers, AWS, Google

This distributed data storage startup wants to take on Big Cloud Read More »

Sources: Naveen Rao’s new AI hardware startup targets $5B valuation with backing from a16z 

AI /

Naveen Rao, who was formerly the head of artificial intelligence at Databricks, is in talks to raise a $1 billion at a $5 billion valuation for a new startup, called Unconventional, Inc., that’s building a new type of computer, according to four people familiar with discussions.  Andreessen Horowitz has agreed to lead the investment, and

Sources: Naveen Rao’s new AI hardware startup targets $5B valuation with backing from a16z  Read More »

A new a16z report looks at which AI companies startups are actually paying for

AI /

On Thursday, Andreessen Horowitz released its first AI Spending Report in partnership with the fintech firm Mercury. Using transaction data from Mercury, the report analyzes the top 50 AI-native application layer companies that startups are spending money on, similar to the previously published Top 100 Gen AI Consumer Apps.  A16z partners Olivia Mooe and Seema

A new a16z report looks at which AI companies startups are actually paying for Read More »

a16z crypto-backed Shield raises $5M to help facilitate international business transactions in crypto  

Cypto /

Crypto neo-bank Shield announced on Monday that it has raised a $5 million seed round led by Giant Ventures.  The company launched in 2022 and pivoted to payments in 2024. It allows exporters and importers to conduct cross-border transactions in US cryptocurrencies, while also providing compliance screenings, such as addressing sanctions and money laundering threats. 

a16z crypto-backed Shield raises $5M to help facilitate international business transactions in crypto   Read More »

Google and Grok are catching up to ChatGPT, says a16z’s latest AI report

Apps /

ChatGPT rivals like Google’s Gemini, xAI’s Grok, and, to a lesser extent, Meta AI, are closing the gap to ChatGPT, OpenAI’s popular AI chatbot, according to a new report focused on the consumer AI landscape from venture firm Andressen Horowitz. The report, in its fifth iteration, showcases two and a half years of data about

Google and Grok are catching up to ChatGPT, says a16z’s latest AI report Read More »