a16z

Infinite Machine raises $9M a16z-led round to convince Americans to buy scooters

Transportation /

Infinite Machine turned many heads when it revealed its metallic, cyberpunk-style electric scooter in 2023. Now one of Silicon Valley’s biggest venture capital firms is backing the startup’s vision of filling the world’s cities with Infinite Machine’s futuristic vehicles in a big way.  The New York-based startup has closed a $9 million seed round led […]

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Stripe’s biggest acquisition yet, and what’s a16z doing with all of those Nvidia GPUs?

Fundraising /

It’s no secret that Stripe has doubled down on its crypto offerings, enabling crypto purchases in the EU back in July and announcing a Pay with Crypto feature earlier this month. This week, the fintech giant made its dedication even clearer with its largest deal to date: its acquisition of stablecoin platform Bridge for an

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Bessemer, Index, and a16z alum launch VC firm Chemistry

Fundraising /

New VC firm Chemistry raised $350 million for its debut fund, Forbes reported on Wednesday. The firm was launched by Mark Goldberg, former partner at Index Ventures; Kristina Shen, former general partner at Andreessen Horowitz; and Ethan Kurzweil, former partner at Bessemer (pictured above in that order). Axios first reported in April that the three

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Andreessen Horowitz helps founders meet compute needs with ‘Oxygen’ private GPU cluster

Venture /

Andreessen Horowitz has a massive cluster of Nvidia H100 GPUs to help its portfolio of AI startups meet their compute needs, the venture capital firm confirmed for the first time on Wednesday. The program, called “Oxygen”, allows their portfolio companies to train or operate their AI models without negotiating market rates. A16Z’s Oxygen cluster gives

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Marc Andreessen says AI model makers are in ‘race to the bottom’ and it’s not good for business

AI /

Marc Andreessen, general partner at VC firm Andreessen Horowitz, was on stage at the Ray Summit conference earlier this month, talking about AI. CFO.com has pulled out the best quotes so you don’t have to watch the full interview. “Maybe all of these companies are in a race to the bottom,” Andreessen said when talking

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Investors are betting on user-generated content in video games. Gamebeast’s founder explains why

Startups /

Today on Equity, Rebecca Bellan sat down with Zander Brumbaugh, the 22-year-old founder of Gamebeast, a startup that offers Roblox developers tools like A/B testing and LiveOps to modify games without needing to release a new version or interrupt a user’s ongoing game.  Gamebeast recently raised a $3.7 million pre-seed round, led by J2 Ventures

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Character.AI hires a YouTube exec as CPO, says it will raise money next year with new partners

Startups /

Character.AI is starting a new chapter after its $2.7 billion licensing deal with Google, which involved CEO Noam Shazeer returning to the search giant. It hired Erin Teague as a chief product officer, a YouTube exec who was the global head of sports movies and shows product management. Teague, who has been working at Google

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11x.ai, a developer of AI sales reps, has raised $50M Series B led by A16Z, sources say

Fundraising /

11x.ai, a startup that develops AI-powered sales development bots, has secured roughly $50 million in Series B funding, TechCrunch has learned. The new round was led by Andreessen Horowitz, valuing the company at around $350 million, multiple sources told TechCrunch. The recent deal follows the company’s $24 million Series A, which was led by Benchmark

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Adam Neumann’s startup Flow opens co-living community in Saudi Arabia

Venture /

Flow, Adam Neumann’s co-living startup, opened a compound with 238 apartments in Saudi Arabia’s capital, Riyadh, and Forbes has some details. The opening included an Aztec-themed hot chocolate ceremony and tote bags with the words “holy s— I’m alive” on them. The rent for the furnished units starts at $3,500 a month and includes hotel-style

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Fei-Fei Li’s World Labs comes out of stealth with $230M in funding

AI /

Fei-Fei Li, the Stanford professor many deem the “Godmother of AI,” has raised $230 million for her new startup, World Labs, from backers including Andreessen Horowitz, NEA, and Radical Ventures. World Labs is valued at over $1 billion, and the capital was raised over two rounds spaced a couple of months apart, TechCrunch reported in

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