Tag Archives: andreessen horowitz

The investment from a16z is a strong vote of confidence in Pinecone’s technology. California-based AI startup, Pinecone has received a $100 million investment from venture capital firm Andreessen Horowitz (a16z) in its series B funding. The round also featured ICONIQ Growth, Menlo Ventures, and Wing Venture Capital. Following the investment, the company now has a market valuation of $750 million. With the investment, the vector database company will expand its team and improve its database...

VC giant Andreessen Horowitz noted that more systems will help in offering more robust decentralization for the Optimism platform. On Wednesday, April 19, the crypto wing of the venture capital firm Andreessen Horowitz (a16z) announced its blockchain infrastructure plan of working on a roll-up client for Optimism (OP) dubbed Magi. This helped Optimism’s native OP token to recover from the broad market sell-off on early Wednesday. Yesterday, the Optimism (OP) token price jumped all the way...

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Marc Andreessen – founding partner of the tech-focused VC giant Andreessen Horowitz (a16z) – is now more bullish on Ethereum and Web 3 than he is on Bitcoin, contrary to his outlook in 2014. During an interview with ReasonTV published on Wednesday, the venture capitalist discussed the future of crypto adoption and regulation, alongside the role of Bitcoin as money.  Crypto, Not Bitcoin According to Andreessen, crypto and Web3 represent “the other half of the internet,”...

Venture capital giant Andreessen Horowitz, also known as a16z, has been affected by the ongoing crypto winter, with the company’s flagship cryptocurrency fund losing nearly half of its value in the first six months of 2022. The declining performance is a massive difference from the gains experienced last year when the company’s investments grew over 1,000%. A16z Not Immune to Crypto Winter According to the Wall Street Journal on Wednesday (October 26, 2022), a16z’s flagship...

The team behind the decentralized exchange – Uniswap Labs – raised $165 million in a Series B funding round, which will be allocated for NFT investments and developer tools. Shortly after the announcement, Uniswap’s native token – UNI – spiked by nearly 6%. Uniswap’s Latest Fundraiser Per a recent announcement, the multi-million initiative was led by prominent names in the financial field, including Polychain Capital, Andreessen Horowitz (a16z), SV Angel, Paradigm, and...

The crypto unit of Silicon Valley Andreessen Horowitz (a16z) is all set to release a set of free, public “Can’t Be Evil” licenses. The firm has designed the licenses specifically for non-fungible tokens (NFTs) and is inspired by the work of Creative Commons. As per the official press release, the community can freely use these licenses, which come with certain goals in mind. This includes – helping NFT creators protect or release their intellectual property (IP) rights and...

Renowned VC firm – Andreessen Horowitz (known as “a16z”) – announced launching a $600 million fund, GAMES FUND ON, dedicated to investing in the gaming industry. It has garnered support from industry leaders, including the founders and cofounders of Roblox, Blizzard, Riot Games, Discord, Twitch, and more, for building the next generation of digital games. a16z’s Game Endeavors The leading VC firm a16z said the latest move is based on the belief that games are “driving...

The venture capital firm – Andreessen Horowitz – announced it will form a cryptocurrency research unit encompassing various talents from the space. The team’s main goal will be to solve important problems related to the emerging Web3 ecosystem. a16z’s Next Endeavor The leading VC firm – Andreessen Horowitz (known as “a16z”) – has been active on the digital asset scene for years now. In a recent blog post, it disclosed a new project in the field – a crypto research team that...

Andreessen Horowitz – a leading venture capital firm and a prominent investor in the cryptocurrency space – has raised a fresh $9 billion to further its involvement in the growing industry. Andreessen Horowitz (a16z) is amongst the leading venture capital companies investing in all sorts of crypto and tech-related projects. According to a recent announcement, the firm has raised a fresh $ billion “to invest via our Venture, Growth, and Bio Funds.” Out of the total number,...