a16z renames crypto fund to a16z Frontier, expands into AI and emerging tech
Briefing by News4U · First published
Andreessen Horowitz is renaming its crypto unit a16z Frontier to invest in AI, robotics and new networks while continuing crypto bets.
Andreessen Horowitz is renaming its a16z Crypto fund to a16z Frontier to target startups in artificial intelligence, robotics and networks connecting humans and machines, while continuing to back crypto companies and advocate for crypto regulation, Chris Dixon said in a Thursday blog post. [1] [2]
The firm has raised nearly $10 billion across five funds since 2018 and backed Coinbase, Solana and Uniswap. General partners leading a16z Frontier are Chris Dixon, Eddy Lazzarin and Guy Wuollet; Ali Yahya has left the firm. [1] [2]
Sources
- A16z is the latest VC giant to widen bets beyond crypto and into AI and emerging tech
CoinDesk · · Full text
- As blockchain investing falls out of vogue, a16z Crypto rebrands as a16z Frontier
TechCrunch · · Full text