a16z

The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged him with fraud and other offenses.

SEC charges BitClout founder Nader Al-Naji with fraud; says proceeds paid for L.A. mansion, gifts

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. To get Startups Weekly in your inbox every Friday, sign up here. This…

Legal tech, VC brawls and saying no to big offers

Venture capital giant a16z fixed a security vulnerability in one of the firm’s websites after being warned by a security researcher.

Researcher finds flaw in a16z website that exposed some company data

Marc Andreessen, the co-founder of one of the most prominent venture capital firms in Silicon Valley, says he’s been a Democrat most of his life. He says he has endorsed…

Andreessen Horowitz co-founders explain why they’re supporting Trump

Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130 million Series B at a roughly $700 million valuation led…

AI startup Hebbia raised $130M at a $700M valuation on $13 million of profitable revenue

Many VC firms are struggling to attract new capital from their own backers amid a tepid IPO environment. But established, brand-name firms are still able to raise large funds. On…

Kleiner Perkins announces $2 billion in fresh capital, showing that established firms can still raise large sums

a16z-backed Character.AI said today that it is now allowing users to talk to AI characters over calls. The feature currently supports multiple languages, including English, Spanish, Portuguese, Russian, Korean, Japanese…

Character.AI now allows users to talk with AI avatars over calls

k-ID’s platform makes it easy for game devs to comply with child safety and data privacy regulations.

k-ID wins $45M to help game devs speedrun the child safety compliance puzzle

Ali Rathod-Papier has stepped down from her role as global head of compliance at corporate card expense management startup Brex to join venture firm Andreessen Horowitz (a16z) as a partner…

Brex’s compliance head has left the fintech startup to join Andreessen Horowitz as a partner

Elon Musk’s AI startup, xAI, has raised $6 billion in a new funding round, it said today, as Musk shores up capital to aggressively compete with rivals including OpenAI, Microsoft…

Elon Musk’s xAI raises $6B from Valor, a16z and Sequoia

Andreessen Horowitz’s American Dynamism fund has established a new fellowship program aimed at introducing top engineers and technologists to venture investing, a move that could help the firm identify less…

a16z’s American Dynamism team launches program to introduce technical minds to VC

Wiz, the buzzy startup building an all-in-one cloud security platform, is on an acquisition march to expand its business quickly en route to an IPO. Now, it has closed a…

Wiz raises $1B at a $12B valuation to expand its cloud security platform through acquisitions

Throughout hip-hop’s long history, jewelry has served as an important vehicle for artists to convey their ideas and affluence, or simply to dazzle onlookers. Diamonds, in particular, serve as an…

Here’s a lab-grown diamond startup that’s attracted a16z’s attention

Post was backed by Andreessen Horowitz and Scott Galloway, an NYU professor and tech commentator, but the platform never disclosed how much it raised.

Post News, the a16z-funded Twitter alternative, is shutting down

Silicon Valley powerhouse venture capital firm Andreessen Horowitz just promoted Jennifer Li to general partner to help lead infrastructure investments.

a16z promotes Jennifer Li to help lead the new $1.25B Infrastructure fund

“You can’t leak or sell what you don’t have,” according to the company’s website.

Cape dials up $61M from a16z and more for mobile service that doesn’t use personal data

a16z-backed Rewind is now pivoting to build AI-powered meeting suit along with a hardware product to record your conversations.

a16z-backed Rewind pivots to build AI-powered pendant to record your conversations

What is worth $11 billion and wants to go to Mars to collect rocks? NASA’s mission to Mars to collect rocks that was expected to…

Andreessen Horowitz’s $7.2B new funds for a ‘new era’

If you think that choosing a nail polish color or which ingredients go into your face cream can’t have anything to do with blockchain, think again. Kiki World, a beauty…

Kiki World, a beauty brand that uses web3 for customer co-creation and ownership, raises $7M from a16z

Wonderschool, a startup that provides software and support to help individuals and local governments spin up childcare businesses, has acquired EarlyDay, which operates an early…

Why a16z-backed Wonderschool is acquiring EarlyDay

Apex Space just moved one step closer to its goal of upending satellite bus manufacturing, with the startup announcing on Tuesday that its first vehicle is healthy on orbit. The…

a16z-backed Apex Space’s first satellite ‘healthy’ on orbit

Inngest, a startup that makes it easier for developers to build and manage serverless backends, today announced that it has raised a $6.1 million funding round led by Andreessen Horowitz,…

Inngest raises $6.1M as it expands its workflow engine

Hyperexponential, a London-based insurance technology (insurtech) startup that serves the property-casualty (P&C) insurance industry with “decision intelligence” for pricing, has raised $73 million in a Series B equity round of…

UK insurtech Hyperexponential raises $73M and eyes US expansion

Quora is back at it, raising funding for the first time in nearly seven years. The questions and answers website nabbed $75 million from Andreessen Horowitz (a16z), which will be…

Quora raised $75M from a16z to grow Poe, its AI chat bot platform

Countdown Capital, an early-stage venture capital firm focused on hard tech industrial startups, will shut down by the end of March and return uninvested capital, firm founder and solo general…

Early-stage hard tech firm Countdown Capital shutting down

Upon opening its first overseas office in London last Thursday, a16z made its first U.K. investment announcement today. The venture capital firm has led a $4.2 million seed round in…

a16z backs London-based crypto startup Pimlico as it ramps up UK focus

Venture capitalist Marc Andreessen posted a manifesto on the a16z website, calling for “techno-optimism” in a frenzied, 5,000-word blog post that somehow manages to re-invent Reaganomics, propose the colonization of…

When was the last time Marc Andreessen talked to a poor person?

A new automation startup is setting out to eat Zapier’s lunch, formally launching to the public today after an extended period in beta. Relay, as the company is called, touts…

Backed by a16z, Relay races to market with Zapier in its crosshairs

Captions, an AI-powered video editing startup, has launched a new app called Lipdub for translating clips into 28 languages. Lipdub is available in the App Store for free and supports…

Video editing startup Captions launches a dubbing app, Lipdub, with support for 28 languages

One builds weapons in the hope that they are not used. Thus goes the central premise of deterrence theory, which says it is the credible threat of aggression — not…

a16z-backed Castelion wants to mass-produce defense hardware, starting with hypersonics