Andreessen Horowitz says it has raised $1.1 billion for its newest artificial intelligence infrastructure fund. Bloomberg reports the figure as part of the firm’s fundraising for an AI-focused vehicle.
According to PYMNTS, the fund is designed to address bottlenecks in building AI infrastructure. The firm says it will invest in founders “reinventing AI hardware” and will target computer infrastructure on which AI runs. PYMNTS characterizes this as a response to an AI supply crunch, linking the investment strategy to accelerating the hardware and infrastructure buildout. Bloomberg’s report is more focused on the fundraising amount, while PYMNTS provides additional detail on the intended investment areas and the rationale behind the fund.
Taken together, the reports indicate that Andreessen Horowitz is using the new $1.1 billion to back companies involved in AI hardware and infrastructure, reflecting continued investor interest in the underlying systems required to run AI.
