Andreessen Horowitz raises $15 billion in its largest-ever funding.

Andreessen Horowitz said it has raised more than $15 billion, bringing assets under management to over $90 billion. The firm plans to allocate large sums to artificial intelligence, defense and biotech, with nearly half of the new capital going to a growth fund and its AI application and infrastructure funds each boosted to $1.7 billion.

Andreessen Horowitz announced it has raised more than $15 billion in its largest fundraising effort to date. The firm said this increases its assets under management to over $90 billion. The new money will be placed across several investment vehicles, with a stated focus on artificial intelligence, defense and biotech. In a blog post, co-founder Ben Horowitz stated the firm aims to help the United States lead in technology over coming decades. Key details: - The firm raised more than $15 billion, lifting assets under management to over $90 billion. - Nearly half of the new capital is earmarked for the growth fund; reports cite about $6.75 billion allocated to the growth fund and two AI-focused funds. - The application and infrastructure funds for AI were each boosted to $1.7 billion, up from $1 billion and $1.25 billion in the prior fundraising round. - The American Dynamism fund, which focuses on defense and related technology, nearly doubled to about $1.2 billion. - Andreessen Horowitz raised $700 million for its fourth bio and health care fund, compared with $1.5 billion in 2022, and its crypto arm raises funds separately. - The firm has taken a more prominent public role on policy matters, including backing a $100 million political network aimed at influencing AI regulation, and one co-founder has been a visible supporter of President Donald Trump. Summary: The fundraising expands the firm’s capacity to invest across AI, defense, biotech and other venture strategies and pushes reported assets under management past $90 billion. The firm said the funds will be deployed across several investment vehicles, but it did not provide a full timeline for allocations. Undetermined at this time.