a16z brings growth fund to $8.5B days after launching new $1.1B fund

Andreessen Horowitz expanded its fifth growth fund to $8.5 billion, adding $1.75 billion since the January launch of $6.75 billion. The firm also raised a $1.1 billion “Machine Age Fund” targeting AI hardware startups such as chips, memory, networking and storage. The growth fund will back enterprise and consumer AI, defense, robotics, infrastructure, health tech, and related sectors.