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Venture capital firm Andreessen Horowitz hopes to raise approximately $20 billion, the largest fund in its history, to leverage the global investors’ interest in supporting us. artificial intelligence Company.
The technology investment company tells some partners that the fund is dedicated to growing stage investments in AI companies, and is based on global investors seeking investments in US companies, according to Reuters.
This is incurred during the US President’s cleaning fee Donald Trump He places on many global trading partners, and one of his goals is to attract businesses to manufacture goods in the US
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Ben Horowitz of Andreessen Horowitz will speak at the WSJTech Live Conference held in Laguna Beach, California on October 22, 2019. (Reuters/Reuters Photos)
To raise a significant amount of funding, Andreesen Horowitz is pitching around the world, Reuters reported.
The company’s founders, venture capitalists Mark Andreesen and Ben Horowitz, announced last year that they would support Trump despite traditional support for Democratic candidates.
If funding is successful, the new Megafund will only be outweighed by SoftBank’s two vision funds. Started in 2017, SoftBank Vision Fund 1 is a record $100 billion fund, and its successor, Vision Fund 2, manages approximately $56 billion from SoftBank’s balance sheet.
Ben Horowitz will speak on stage on November 8th, 2019, on the 11th – 1st – 1st of 2019, held in San Francisco, California. (Phillip Faraone / Getty Images for Wired / Getty Images)
Andreessen Horowitz’s biggest fund to date is a $5 billion growth stage fund as part of a $9 billion fundraiser announced in 2022.
According to Reuters, the new fund is still in its early stages and could take months to close.
A significant portion of the capital is reported to be set aside for subsequent investments in AI companies in the company’s portfolio. The company is based in Databricks and Elon Musk xai.
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Venture capitalist Mark Andreesen will speak at the TechCrunch Disrupt Conference held in San Francisco, California on Tuesday, September 13th, 2016. (Paul Chin/Getty Images/San Francisco Chronicle via Getty Images)
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Andreessen Horowitz has participated in multi-billion dollar funding rounds as a lead investor for AI model developer startups such as Xai, Safe Superintelligence and France Based Mistral, and has been actively involved in supporting several companies in this sector. The company also purchased shares of OpenAI through a tender offer in the secondary transaction market.
Reuters contributed to this report.
