Crypto stays a key technology to maintaining America's technological edge, in keeping with a16z, which has raised a further $15 billion to support American-focused technology investments.
Technology-focused enterprise capital firm Andreessen “a16z” Horowitz said it has raised over $15 billion to speculate in firms and technologies it believes are critical to securing America’s future and winning the following century – and crypto stays a vital a part of that mission.
In a post to
“As the American leader in enterprise capital, the fate of recent technologies within the United States rests partly on our shoulders. Our mission is to make sure America wins the following 100 years of technology. That starts with winning the important thing architectures of the long run – AI and crypto.” Source: a16z
Horowitz said coordination between the U.S. government and the private sector is critical to defending American interests and warned that failure could cost the country its dominance:
“If America doesn't win technologically, it would lose economically, militarily, geopolitically and culturally. And the entire world will lose too.”
“We have already seen the beginnings of this in each AI and cryptocurrency.” Horowitz warned that quick motion was needed to reverse the trend before it was too late.
A16z's crypto fund has been omitted, but investing in crypto remains to be possible
The funding shall be spread across multiple industries, including growth ($6.75 billion), apps and infrastructure ($1.7 billion each), American Dynamism Fund ($1.18 billion), and organic and healthcare ($700 million).
Another $3 billion shall be used for other enterprise strategies.
While the a16z Crypto fund didn’t receive any funding on this round, most of the crypto firms it has invested in are a part of its growth fund, which spans multiple industries.
Babylon secures $15 million from a16z
In a separate investment, a16z invested $15 million in Bitcoin staking and lending protocol Babylon on Wednesday to support the event of the Bitcoin decentralized financial ecosystem and make the cryptocurrency a more productive asset.
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