a16z announces completion of $15 billion fundraising, will focus on investing in AI and the crypto space

On January 9th, a16z announced the completion of a funding round exceeding $15 billion. The funds include: American Dynamism Fund ($1.176 billion), Apps Fund ($1.7 billion), Bio + Health Fund ($700 million), Infrastructure Fund ($1.7 billion), Growth Fund ($6.75 billion), and other venture capital strategy funds ($3 billion). The announcement stated that its mission is to ensure the United States wins in technological competition over the next 100 years, with a focus on key areas such as AI and crypto. Additionally, it will promote the application of related technologies in fields such as biology, health, defense, public safety, education, and entertainment.