📣 We a16z are so thrilled to be co-leading Decagon’s Series C, just two years after introducing the founders and leading the seed at inception! Decagon is pioneering AI agents for customer experience and serves leaders like Hertz, ŌURA, Duolingo, Bilt, ClassPass, and

Thrilled to back Mira Murati and the world-class team behind ~ every major recent AI research and product breakthrough. RL (PPO, TRPO, GAE), reasoning, multimodal, Character, and of course ChatGPT! No one is better positioned to advance the frontier. Excited to see the future

We're excited to be backing Thinking Machines under Mira Murati's leadership. 2 years ago, we asked her about the future of AI. This was her response:

For years, we assumed consumers wouldn’t pay for software. Now people are happily paying $200+/mo for products like Claude, Grok 4 Heavy and Gemini. Not because they’re for everyone, but because they’re 100x better for someone. The free tier is the funnel. The real product is

There are billions of dollars to be made by consumer AI companies in old industries. That’s because they’re not stuck inside the system. They’re building directly for consumers. Without legacy friction, they can move faster, make better products, and deliver real outcomes.

Margit took a brand new firm in a 50 year old industry and built the best known global brand in Venture Capital. She has been a giant in the field and we are eternally grateful for her amazing contributions to Andreessen Horowitz.

mistral, elevenlabs, black forest labs, lovable, helsing, granola european AI scene is on fire

What do Roblox, Anduril, CrowdStrike and Apple all have in common? None of them looked like obvious winners from the start. But they built something far bigger than anyone expected. We call these companies Modelbusters. Modelbusters either reveal a market that’s much larger

I am very excited to share that Anne Neuberger , former Deputy National Security Advisor for Cyber and Emerging Technology, has joined the firm as a senior advisor. With a career defined by high-stakes leadership at the intersection of strategy, policy, technology, and global

For the physical world to scale like the digital, bits must move atoms, and hardware must act more like software. The enabler is the electro-industrial stack — minerals, batteries, power electronics, motors, and compute. Software ate the world. Now it will move it. 👇

Last month, we introduced “modelbusters” - companies that grow far faster and for longer than anyone would’ve modeled. These companies emerge when founders pair a breakthrough product with the right business model—especially during platform shifts, when new tech primitives

20 months ago, we a16z led Mistral AI's $500M Series A at $2B Some laughed. Scientists? Serving giant enterprises? Open source AI? From Europe? Good luck! Today: We closed $2B at $13.7B+ led by ASML, and $1.6B+ TCV, deploying RL at scale for critical industries LE WARMUP

RETENTION IS ALL YOU NEED OH: “All AI products have bad retention.” Leading AI companies don’t necessarily have a retention problem. They have a measurement problem. Most AI products see a flood of “tourist” users who try them once and quickly churn. If you judge retention

"Platform" is one of the most over-used terms in enterprise software. Everyone wants the premium of being called a platform. But too often it's applied to products that don’t deliver compounding growth and margin expansion. Companies can call themselves platforms all they

there are essentially two types of businesses now: 1. beneficiaries of RL 2. under assault from RL once the public (and public markets) begin fully internalizing this, things are going to get choppy

We are excited to welcome Raghu Raghuram as a16z's newest General Partner.

Personal Update: Excited to join a16z. I will be working with the infrastructure investing team and growth investing team to help amazing founders build the next generation of great companies.

Deel has raised $300M at a $17.3B valuation We started about 6 years ago, struggling to even make $10K. I've never shared this before because of how embarrassing our start was. The story of how we went from $1K to $1B and the advice I'd give to my younger self:

Huge week ahead. Excited for this.

Congrats to Ariel, Ilan Twig, and the entire Navan team. Navan survived a global travel shutdown when COVID hit in 2020. Their resilience speaks for itself. We a16z are incredibly proud of them, and their IPO today is a well-deserved milestone. Onward!