A16z Drops 'Crypto' From Its Fund Name, Broadens Focus to AI and Autonomous Machines
The $2.2 billion fund, rebranded as a16z Frontier, will continue blockchain investing while targeting artificial intelligence, robotics, and biotech.
Andreessen Horowitz announced Thursday it is rebranding its a16z Crypto investment unit to a16z Frontier, expanding its mandate beyond digital assets to invest in artificial intelligence, autonomous machines, and other emerging technologies. The $2.2 billion fund, launched with a crypto-only focus in May, will continue backing blockchain companies, but the name change marks a significant shift for the firm.