Silicon Valley venture capital star Andreessen Horowitz announced Tuesday that he has raised $7.2 billion in investments in games, apps, artificial intelligence and other startups.
More than half of the money, spread across five funds, is earmarked for “growth” strategies for late-stage startups, potentially breathing new life into the moribund trend of young companies getting acquired or going public. There is sex.
“This is a significant milestone for our company,” Ben Horowitz, co-founder and general partner of the VC firm, said in a blog post.
Other “strategies” targeted for investment included apps, games, “American dynamism” and technology “infrastructure,” including artificial intelligence (AI).
“AI represents a generational shift in computing, following in the footsteps of microprocessors and the Internet, and will bring commensurate improvements in cost, efficiency, and human productivity,” Horowitz wrote.
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“Like many other transformational technologies, we believe that infrastructure will support this change going forward.”
Horowitz said the infrastructure fund has raised $1.25 billion.
American Dynamism has $600 million in funding and targets investments in startups in “national interest” sectors such as aerospace, defense, public safety, education and supply chain, he explained.
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A similar amount of investment money has been raised to invest in games-related startups, with the venture capital veteran saying, “Games will play a pivotal role in defining how we socialize, play, and work in the next century.'' He expressed his belief that he would accomplish his goal.
An app-focused fund has raised $1 billion, Horowitz said.
The VC firm, founded in 2009, is known for making early investments in tech stars like Facebook and Airbnb.
