Andreessen Horowitz raises $1.1 billion for AI infrastructure fund
Prominent venture capital firm Andreessen Horowitz says it has raised $1.1 billion for its newest artificial intelligence infrastructure fund.
The “Machine Age Fund” will invest in AI computer infrastructure such as chips, memory, networking and storage, the firm said in a blog post on Friday, and will also include data centers, robotics and home appliances.
In an interview with Bloomberg News, Andreessen Horowitz general partner Raghu Raghuram said that the fund, which is a haul of new capital instead of a carve-out of the firm’s $15 billion venture fund from earlier this year, is a response to the demand for more physical technology to support AI startups’ needs.
