Story perspectives

a16z Launches $1.1 Billion Machine Age Fund for AI Hardware

8/28/2026

Summary

Story summary

Andreessen Horowitz launched a $1.1 billion Machine Age fund to back AI hardware infrastructure.
General partners Raghu Raghuram and Martin Casado lead the fund, with Ben Horowitz, David Ulevitch and David George.
The fund targets chips, high-bandwidth memory, networking gear, storage, power, cooling and real-estate, backing Netris.
Hardware now accounts for more than 20 % of a16z’s deal flow.
Compute density rose 28-fold as rack power use jumped to 100-250 kW.

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Story summary

Andreessen Horowitz launched a $1.1 billion Machine Age fund to back AI hardware infrastructure.
General partners Raghu Raghuram and Martin Casado lead the fund, with Ben Horowitz, David Ulevitch and David George.
The fund targets chips, high-bandwidth memory, networking gear, storage, power, cooling and real-estate, backing Netris.
Hardware now accounts for more than 20 % of a16z’s deal flow.
Compute density rose 28-fold as rack power use jumped to 100-250 kW.