a16z

VC industry reacts to Trump nominating a16z’s Brian Quintenz for regulatory role

Government & Policy /

Brian Quintenz, who leads policy for Andreessen Horowitz’s crypto team, announced on Wednesday that he’s being tapped to head the Commodity Futures Trading Commission (CFTC), according to his X post. And many in the VC industry appear to be thrilled about it. The CFTC regulates the trading of commodity futures, options, and swaps, otherwise known […]

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Little Umbrella’s next Jackbox-style game pits you and your friends against an AI game show host 

Startups /

Web-based party games are making a comeback, now with the infusion of generative AI. Among the startups joining the trend, the current forecast looks good for one startup, Little Umbrella, which leverages AI for its social party games.  The company announced on Thursday its $2 million seed funding round. Little Umbrella plans to use the

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Some shareholders of a16z-backed Divvy Homes may not see a dime from $1B sale

Startups /

The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal.  The terms — and Divvy’s journey from buzzy startup to acquisition target — reflects the rollercoaster ride the proptech industry has endured over the past decade.

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Livestream app Favorited, a new TikTok alternative, gets backing from a16z

Startups /

This month, drama unfolded across mainstream social media platforms like TikTok, which briefly went dark in the U.S. before a rapid return. Instagram recently faced backlash after ending its third-party fact-checking program.  At the same time, startups like Favorited are attracting attention from investors, creators, and viewers. On Wednesday, the livestream app announced its $1.3

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Raspberry AI raises $24M from a16z to accelerate fashion design

AI /

The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously.  To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry

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Hippocratic AI raises $141M for creating patient-facing AI agents

Startups /

Hippocratic AI, a startup building AI solutions that can handle non-diagnostic patient-facing tasks, secured a massive $141 million Series B at a valuation of $1.64 billion led by Kleiner Perkins, the company announced Thursday. The funding comes nine months after Hippocratic AI raised a $53 million round from General Catalyst and Andreessen Horowitz and five

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Flock Safety quietly hired a sitting California mayor. Now he’s suing Flock

Startups /

Last year, police surveillance startup Flock Safety hired the mayor of a California city with over 200,000 residents to promote its products. But the mayor, Ulises Cabrera of Moreno Valley, now claims Flock wrongfully terminated him, partly because he refused to use his position as mayor to benefit Flock, according to a lawsuit Cabrera filed

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