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a16z leads $21M Series A into AI-native tax compliance software Sphere

As Nicholas Rudder built his last startup, an educational marketplace called ScholarSite, he kept running into the same problem: tax.   “Marketplaces are liable for tax on their entire GMV (gross merchandise value) not just their take rate, so every new country meant a maze of registrations, filings, deadlines, and risk,” Rudder told TechCrunch. “It became a constant distraction. … Read more

a16z pauses its famed TxO Fund for underserved founders, lays off staff

Andreessen Horowitz is pausing its Talent x Opportunity (TxO) fund and program, according to four sources familiar with the matter, including more than one founder in the program.  The firm announced TxO in 2020 to support founders who do not have access to traditional venture networks. Many of TxO’s participants were women and minorities who, overall, receive very slim amounts of venture … Read more

Crypto lost 1,000 jobs to AI since ChatGPT launched—but gained them back from other sectors, says a16z report

Ever since AI supplanted crypto as the shiny new toy in Silicon Valley, there’s been no shortage of jokes about workers jumping ship. New data from prominent venture capital firm Andreessen Horowitz (commonly referred to as a16z) shows that the truth is more complicated. In its annual state of crypto report released on Wednesday, a16z … Read more

a16z Crypto invests $50M in Solana staking protocol Jito

Key Takeaways Andreessen Horowitz (a16z Crypto) invested $50 million in Jito, a major liquid staking and MEV protocol on Solana. Jito allows Solana stakers to earn both traditional staking and MEV rewards while maintaining liquidity on their tokens. Share this article According to Fortune, Andreessen Horowitz’s crypto division invested $50 million in Jito, a leading … Read more

Sources: Naveen Rao’s new AI hardware startup targets $5B valuation with backing from a16z 

Naveen Rao, who was formerly the head of artificial intelligence at Databricks, is in talks to raise $1 billion at a $5 billion valuation for a new startup, called Unconventional, Inc., that’s building a new type of computer, according to four people familiar with discussions.  Andreessen Horowitz has agreed to lead the investment, and Lightspeed … Read more

A new a16z report looks at which AI companies startups are actually paying for

On Thursday, Andreessen Horowitz released its first AI Spending Report in partnership with the fintech firm Mercury. Using transaction data from Mercury, the report analyzes the top 50 AI-native application layer companies that startups are spending money on, similar to the previously published Top 100 Gen AI Consumer Apps.  a16z partners Olivia Moore and Seema … Read more

Bastion raises $14.6 million in funding backed by Coinbase Ventures, Sony, Samsung, and a16z Crypto

Key Takeaways Bastion, a white-label stablecoin startup, raised $14.6M in a funding round led by Coinbase Ventures. Other major backers include Sony, Samsung, a16z Crypto, and Hashed. Share this article Bastion, a white-label stablecoin startup, secured $14.6 million in funding led by Coinbase Ventures, with participation from Sony and Samsung. The startup provides technology and … Read more

a16z spends $1.49M in Washington lobbying, while rivals mostly sit out

Andreessen Horowitz’s plan to push its agenda in Washington shows no sign of slowing down, with the firm reporting $1.49 million in federal lobbying so far this year, according to lobbying records filed with Congress. a16z is even narrowly outspending its own industry trade group, the National Venture Capital Association. The pace of lobbying appears … Read more

a16z and DeFi Education Fund Push SEC for dApp Safe Harbor

Andreessen Horowitz, better known as a16z, and the DeFi Education Fund are calling on the U.S. Securities and Exchange Commission to introduce a regulatory safe harbor for decentralized applications. They sent a detailed letter to SEC Commissioner Hester Peirce asking for clearer rules that would stop certain dApps from being lumped in with broker-dealers. Drawing … Read more

AI startup Rillet secures $70M Series B led by a16z, ICONIQ to transform enterprise accounting

Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Share this article Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS … Read more

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