a16z

Why a16z VC believes that Cluely, the ‘cheat on everything’ startup, is the new blueprint for AI startups

When Cluely, a startup claiming to be building a product that helps people “cheat” on everything, announced that it raised a $15 million Series A financing from Andreessen Horowitz, some people on X criticized the VC firm for backing the controversial company. After all, Cluely isn’t just offering a product that may have questionable uses, […]

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In just 4 months, AI medical scribe Abridge doubles valuation to $5.3B

Abridge, an AI startup automating medical notes, has secured a $300 million Series E at a $5.3 billion valuation, according to the Wall Street Journal.  The round, led by Andreessen Horowitz with participation from Khosla Ventures, follows the company’s $250 million February fundraise at a $2.75 billion valuation. The seven-year-old Abridge is widely considered to

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Katie Haun on the GENIUS Act and what it may mean for the future of crypto

This week on StrictlyVC Download, we’re bringing you to our recent event in Menlo Park. TechCrunch’s editor in chief, Connie Loizos, was joined by Katie Haun, founder and CEO of Haun Ventures, who shared an inside look at her contrarian “harpoon strategy” that targeted distressed crypto assets during the depths of crypto winter. They explored everything from

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Cluely, a startup that helps ‘cheat on everything,’ raises $15M from a16z

Cluely, a startup that claims to help users “cheat” on job interviews, exams, and sales calls, has raised a $15 million Series A led by Andreessen Horowitz, the company announced on Friday with a video posted on X. Two investors who were not part of the deal tell TechCrunch they believe Cluely’s post-money valuation is

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No, Andreessen Horowitz didn’t post that crypto scam tweet

For some tense minutes on Wednesday, X users were surprised to see one of those crypto “airdrop” posts on Andreessen Horowitz’s blue check-marked account. A second tweet said that $5 million had already been given away. That account has 851,000 followers. A member of a16z’s crypto team saw the tweet and immediately posted a warning

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Vijay Pande, founding partner of a16z bio and health strategy, steps down

Vijay Pande, a general partner at Andreessen Horowitz who founded the firm’s a16z Bio + Health strategy, announced that he is stepping down from his role. Since its founding in 2014, a16z Bio + Health has raised four funds of nearly $3 billion each, including a $1.5 billion fund that closed in 2022. However, it’s

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Humain planning $10B VC fund to invest in US, European and Asian startups

Humain, the state-owned AI company from Saudi Arabia, is on track to launch a $10 billion venture fund, Humain Ventures, that will invest in startups in the U.S., Europe and Asia, The Financial Times reported, quoting Tareq Amin, Humain’s CEO. Humain is in talks with U.S. firms like Andreessen Horowitz, OpenAI and Elon Musk’s xAI

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Sprinter Health raises $55M to expand its at-home healthcare service

When Max Cohen and Cameron Behar set out to launch a startup together during the pandemic, they decided to focus on the most top-of-mind sector of the era: healthcare. But since neither Cohen nor Behar had a background in healthcare (both worked at Google and Facebook previously), they had to think long and hard about

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Hedra, the app used to make talking baby podcasts, raises $32M from a16z

People are using AI video generation tools to contribute to an unexpected new viral trend: podcasts featuring AI-generated talking babies. And one of the companies helping artists do this is Hedra. The startup, launched in 2023, offers a web-based video generation and editing suite powered by its Character-3 model, which lets users make videos with

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