News #Andreessen Horowitz

Andreessen Horowitz has launched a new “Machine Age” fund with $1.1 billion raised. The firm’s aim with the new fund is to “open the throttle and accelerate the physical buildout of AI.”

AI coding startup Cursor is nearing new funding in which the four-year-old company would raise at least $2 billion in fresh capital, according to four sources familiar with the matter.

Stripe announced that this latest secondary transaction now values the company at $159 billion. Investors buying the shares include Thrive Capital, Coatue, Andreessen Horowitz, and Stripe itself.

The new round comes seven months after Standard Nuclear emerged from “stealth” with $42 million in funding.

Andreessen Horowitz just announced the firm has raised a little more than $15 billion in new funding.