Andreessen Horowitz
Andreessen Horowitz (a16z) is a venture capital firm that supports daring entrepreneurs who are creating the future with technology.
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a16z Leads Cognition’s $200 Million Series E Funding Round at a $4.8 Billion Valuation
According to Forbes, Andreessen Horowitz and Accel co-led Cognition, an AI coding agent company, in a Series E funding round of more than $2 billion, pushing its latest valuation to $48 billion, a substantial increase from the $26 billion valuation four months prior. Over 30 other institutions, including Founders Fund, General Catalyst, Avenir, and NVIDIA, participated in the round. Operating revenue for Cognition’s AI coding agent product Devin has grown from $492 million in May to nearly $900 million, with The Information forecasting that its annualized revenue could reach $4 billion to $5 billion by year-end.
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a16z crypto releases Lattice Jolt: The first high-performance post-quantum zkVM based on lattice cryptography
According to an official post from a16z crypto, a16z crypto has officially released Lattice Jolt, a new version of its open-source zkVM (zero-knowledge virtual machine) that fully transitions its underlying cryptography from elliptic curves to a lattice architecture, achieving post-quantum security while significantly boosting performance. Key highlights include: • Performance improvement: Proof generation speed increased by 2-3 times, reaching up to 2 million RV64IMAC cycles per second in CPU mode, and breaking through 10 million cycles per second with MacBook GPU acceleration (Apple Metal); • Smallest proof size: Proof footprint is under 100 KB, significantly outperforming other post-quantum zkVMs with sizes ranging from 200 KB to 600 KB; • Memory optimization: Memory consumption per cycle reduced from approximately 300 bytes to 200 bytes, supporting proof generation for millions of RISC-V cycles on mobile devices; • Security: Based on the standard Module-SIS assumption, providing a complete 128-bit security strength, sharing the same assumption framework as ML-DSA and ML-KEM; • New commitment scheme: The Akita polynomial commitment scheme, jointly developed by LayerZero in collaboration with institutions such as Carnegie Mellon University and the University of Southern California, replaces the original Dory scheme. a16z crypto also pointed out that hash-based SNARKs are widespread...
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Arc mainnet will launch on September 16, and Circle will host a mainnet launch livestream event
Circle stated the event will be held in New York, with topics covering institutional finance, global capital flows, 24/7 markets, and the Agent economy, as well as showcasing first-day products and applications. A developer pre-event session will be held from 11:30 AM to 1:30 PM ET on September 16, followed by a main stage livestream from 2:00 PM to 3:45 PM, with representatives from BlackRock, DTCC, Aave, SBI Group, Morpho, Ripio, Extended, a16z, and Circle participating. Developers can already build on the Arc testnet.
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YZi Labs ranks as the world's second most active family office in August, participating in 10 funding rounds totaling $42.1 million
Odaily News In August, family offices participated in a total of 109 deals, with the total disclosed funding amount for related transactions reaching $16.9 billion, of which later-stage rounds accounted for 27% of all deals. a16z Perennial ranked first with participation in 17 deals; YZi Labs ranked second with participation in 10 deals, with the total disclosed size of related funding rounds reaching $42.1 million. YZi Labs manages over $10 billion in assets, with investments spanning Web3, AI, healthcare, and other sectors, targeting startups at various development stages. The aforementioned funding figures represent the combined amounts from all investors in the relevant funding rounds and do not reflect YZi Labs' actual capital contribution. Due to the highly private nature of family office investments, the specific investment amount of a single family office in each transaction is often difficult to obtain.
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A position valued at $445 million with unrealized gains of approximately $95.18 million; the institution suspected to be a16z's largest HYPE holder has bought another $13.05 million USDC
Odaily News: According to on-chain analyst Yu Jin's monitoring, the institution suspected to be a16z's largest HYPE holder purchased 816,000 HYPE at an average price of $81.3 per token for $66.4 million USDC a week ago. Eight hours ago, it transferred another $13.05 million USDC to Hyperliquid and purchased HYPE via TWAP. The institution has now bought and staked a total of 5.201 million HYPE, valued at $445 million, with an average price of approximately $67.2 per token, resulting in unrealized gains of about $95.18 million.
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OpenReserve receives preliminary approval for full-service national bank, must raise $210 million and maintain 12% Tier 1 leverage ratio
Odaily News: Blockchain-native fintech startup OpenReserve received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on September 2 to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum Tier 1 leverage ratio of 12% for three years after opening. It must also commence operations within 18 months, or the approval will lapse. The relevant deadlines are September 2027 and March 2028, respectively.OpenReserve plans to offer tokenized deposits, treasury management, foreign correspondent banking, and Banking-as-a-Service for institutional clients. The full-service national bank charter, upon final approval, would allow it to accept deposits and conduct lending activities.OpenReserve previously completed a $25 million seed funding round led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures, among others. The company plans to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but that subsidiary has not yet filed an application with the OCC. (Decrypt)
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AI infrastructure company Gimlet Labs completes $300 million funding round, led by a16z
: AI infrastructure startup Gimlet Labs has completed a $300 million funding round, raising its valuation to $3 billion. The round was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and M12, Microsoft's venture capital fund.Gimlet Labs primarily helps customers allocate AI tasks across different types of chips and is working with Arm to make its software compatible with Arm's various chip technologies. (Bloomberg)
a16z: Tech Hiring Prioritizes Experience Over Skills, AI Reshapes Security and Employment Landscape
Data compiled by a16z Charts indicates that since January 2025, tech hiring has clearly favored years of experience over the number of skills, reflecting a shift of approximately 5% to 10%. The charts show that companies are de-emphasizing skill checklists during candidate screening, shifting their focus instead to candidates' accumulated experience. This shift is tied to the skill gaps created by AI, which is actively reshaping the security and employment landscape.
Balaji: Bullish on ZEC to $100,000
Odaily News, Former Coinbase CTO, a16z partner, and author of "The Network State," Balaji, cited his related tweet from January 9th of this year, stating: "Zcash $1,000; Zcash $10,000; Zcash $100,000."Previously reported, the ZEC price broke through $1,000, with a 24-hour increase of 22.05%.
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SEC to Determine Confidentiality and Review Speed of Crypto ETF Filings, Grayscale, A16z and Others Split with Jane Street, Charles Schwab
Odaily News The U.S. Securities and Exchange Commission (SEC) has published responses to its request for comments on "Novel ETFs," funds that may hold crypto assets or employ unconventional strategies. The divergence in opinions centers on whether filing documents should remain public before the fund begins trading, and how fast the review process should be.Crypto asset manager Grayscale and the crypto policy organization Crypto Council for Innovation (CCI) support an optional confidential filing period to reduce the likelihood of competitors submitting imitation filings. Charles Schwab opposes full confidentiality and suggests disclosing filings at least 75 days before a fund launches.Grayscale requests the SEC to respond within 45 days, while CCI argues that the confidential process should not extend the automatic effectiveness or review deadlines. Venture capital firm Andreessen Horowitz (A16z) supports shortening the review timeline but emphasizes that the rigor of the review should not be reduced. Trading firm Jane Street, however, contends that accelerating the process could lead to lower product quality, competitiveness, and liquidity.The U.S. currently has 174 ETFs related to crypto assets. BlackRock's iShares Bitcoin Trust ETF (IBIT) manages approximately $61 billion in assets, accounting for roughly 38% of the total assets of related ETFs. The SEC will determine whether adjustments will be made to the confidentiality arrangement and review speed of filings. (Bitcoin.com News)
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Crypto industry stakeholders submit differentiated rule proposals to SEC on novel ETF regulation
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
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Stablecoin remittance company Felix Pago completes $200 million Series B funding round, a16z joins investment
According to Bloomberg, remittance startup Felix Pago announced the completion of a $200 million Series B financing round, featuring an $87 million equity investment led by Andreessen Horowitz and a $113 million credit facility from General Catalyst’s Customer Value Fund. Felix Pago plans to leverage the proceeds to expand from its remittance business into other financial services, including lending and savings, targeting Latin American immigrants in the United States.
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Stablecoin usage in Argentina becomes normalized, "crypto dollar" demand persists as inflation cools
An a16z Crypto article points out that Argentina is one of the Latin American countries with relatively high cryptocurrency adoption rates, with approximately one-fifth of the population using crypto assets. Due to sustained inflation, currency devaluation, and foreign exchange controls, Argentine residents view the US dollar as a crucial savings vehicle, while USD-backed stablecoins have emerged as an alternative way to gain dollar exposure.
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a16z launches $1.1B Machine Age Fund, betting on AI hardware and infrastructure
Odaily News: a16z announced the closing of its new fund, Machine Age Fund, with $1.1 billion in funding, focused on investing in the hardware and infrastructure that powers AI, including chips, memory, networking, storage, as well as complete systems such as data centers, robotics, and home AI devices.a16z noted that surging AI demand and compute density are pushing existing supply chains and physical and computational architectures to their limits. Rack power is rising from 5-10kW to 100-250kW, and is expected to reach 1MW within three years, while data center scales are expanding toward hundreds of megawatts and even gigawatt-class campuses. The fund will target higher compute density, cheaper high-bandwidth memory, faster interconnects, low-power edge devices, as well as supporting cooling, power, and real estate infrastructure, to back a new generation of AI hardware startups.
Worth $381 million with a profit of $74.4 million; an entity suspected to be associated with a16z holds and stakes 4.679 million HYPE
Odaily News: According to on-chain analyst Ember's monitoring, after purchasing $24 million worth of HYPE at $68.7 in June, the largest HYPE holder suspected to be associated with a16z has once again bought and staked HYPE. Within the past day, the entity deposited 36 million USDC into Hyperliquid through 12 addresses to purchase HYPE. So far, it has used 24 million USDC to buy 282,090 HYPE at an average price of $81.5. The entity currently holds and stakes a total of 4.679 million HYPE, valued at $381 million, with an average price of approximately $65.6, resulting in a profit of $74.4 million.
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a16z data: Lawyers using Codex saw a 108x increase in weekly active usage
a16z's latest chart reveals extreme divergence in OpenAI Codex's weekly active user growth across enterprises. Lawyers lead with a 108x increase, followed by sales and recruiting at 41x each, marketing at 26x, healthcare at 24x, while engineers trail at just 5x. Codex has evolved beyond basic code completion into an autonomous digital coworker capable of decomposing tasks and running independently for hours, with legal professionals already leveraging it to process massive volumes of lengthy documents and conduct contract comparisons. This marks the "programmability" of knowledge work, signaling that the AI tipping point is shifting from the tech sector to high-value white-collar roles.
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AI 会计初创公司 Rillet 完成 1 亿美元 C 轮融资，估值达 10 亿美元
据 Fortune 报道，成立仅两年的 AI 原生会计平台 Rillet 宣布完成 1 亿美元 C 轮融资，估值达 10 亿美元，本轮由 ICONIQ 领投，Sequoia Capital、Andreessen Horowitz、Oak HC/FT 等老股东跟投，Bain Capital Ventures、Battery Ventures 等新投资方参与，公司累计融资总额已超 2 亿美元。 Rillet 定位为首个真正 AI 原生的会计平台，主打以 AI Agent 替代传统人工会计流程，可并行处理数百项操作，并生成完整审计追踪。目前已服务超 600 家客户，涵盖 Neuralink、Mercor 等头部 AI 企业，约 40%客户来自科技行业以外。
US Department of Justice launches antitrust investigation into a16z over Databricks and Fivetran board positions
Odaily News, citing sources familiar with the matter, the U.S. Department of Justice is conducting an antitrust investigation into Andreessen Horowitz (a16z), examining whether its investing partners improperly held board seats at competing AI companies simultaneously.The investigation involves a16z-backed Databricks and Fivetran, with a16z co-founder Ben Horowitz serving on Databricks' board and partner Martin Casado serving on Fivetran's board.Sources said the investigation has been ongoing for nearly a year, and the DOJ has not yet decided whether to take further action, and may ultimately take none at all. (Bloomberg)
Stripe 收购 AI 模型市场 OpenRouter，a16z 或获近 15 亿美元回报
According to Business Insider, Stripe is in talks to acquire AI model marketplace startup OpenRouter for over $8 billion. If the deal goes through, the over 17% equity stake held by Andreessen Horowitz (a16z) will be worth nearly $1.5 billion, while their initial investment was only about $20 million; Menlo Ventures holds over 6% equity, invested less than $50 million, and is currently valued at over $500 million, with combined returns for the two firms approaching $2 billion.
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a16z 遭美国司法部反垄断调查，涉嫌旗下合伙人同时出任竞争 AI 公司董事
据 Bloomberg 报道，风险投资机构 Andreessen Horowitz（a16z）正面临美国司法部（DOJ）反垄断调查，核心争议在于其投资合伙人是否不当同时出任多家存在竞争关系的 AI 公司董事会成员。 据悉，涉事公司包括数据基础设施独角兽 Databricks 与数据集成平台 Fivetran，两者均为 a16z 被投企业，且同属数据收集、整理与分析赛道，存在直接竞争关系。其中，a16z 联合创始人 Ben Horowitz 担任 Databricks 董事会成员，合伙人 Martin Casado 则出任 Fivetran 董事会成员。