Mentioned:
a16z is one of the best technology investors in Silicon Valley history. And now, they’re coming after the opportunity in hardware and physical infrastructure.
What’s happening:
- a16z has raised a new $1.1B USD venture capital fund known as the Machine Age Fund to invest in hardware, memory chips, robotics and physical infrastructure for artificial intelligence
Why it matters:
- This is the first time ever that a16z has raised a fund that is solely focused on hardware and physical infrastructure
Going deeper:
- a16z has publicly stated they plan to pursue early stage and growth investments in startups focused on robotics, chips, memory, networking, storage and data centres
- a16z just recently made major waves when they led a $1.7B USD raise for Uber (NYSE: UBER) founder Travis Kalanick’s company Atoms to automate physical industries throughout food, transportation and mining
