Andreessen Horowitz
Andreessen Horowitz (a16z) is a venture capital firm that supports daring entrepreneurs who are creating the future with technology.
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Perpetual contract platform RWAperp completes $2 million in financing
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
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AI startup Temporal completes $550 million in funding, reaching a valuation of $12.55 billion.
According to Reuters, AI startup Temporal announced the completion of a $550 million late-stage funding round, more than doubling its valuation to $12.55 billion over seven months. The round was led by Lightspeed Venture Partners, with Wellington Management, Growth Equity under Goldman Sachs Alternatives, and Tiger Global participating as co-leads. SV Angel and T. Rowe Price Associates advisory accounts also participated, while existing investors Andreessen Horowitz (a16z), Sequoia Capital, and GIC continued their investment. The funds will be used to expand global operations and advance platform R&D. Founded in 2019, Temporal develops open-source software that helps applications, including AI agents, recover from failures, reducing the need for engineers to write custom recovery code. Its customers include OpenAI, Snap, Nvidia, Netflix, and JPMorgan Chase. The company employs 570 staff members and maintains an annualized revenue run rate of over $250 million, representing more than double year-over-year growth. In February this year, the company completed a round led by a16z at a $5 billion valuation
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a16z Pressures U.S. Senate: If the CLARITY Act Fails to Pass, the Next FTX-Style Collapse Could Be Worse
Odaily News: Miles Jennings, Head of Policy and Regulation at a16zcrypto, wrote that the U.S. Senate should push for the passage of the Digital Asset Market CLARITY Act. Jennings stated that the risks exposed by the FTX collapse—such as customer asset segregation, custody, and information disclosure—are not complex, yet the existing digital asset market still lacks regulatory safeguards similar to those in traditional financial markets. The CLARITY Act would require digital asset brokers, dealers, and exchanges to implement measures such as customer asset segregation, qualified custody, information disclosure, and insider trading restrictions, while also clarifying the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).Miles Jennings warned that with stablecoin supply now exceeding $300 billion and the market value of tokenized assets surpassing $30 billion, if the Senate fails to act this time, the impact of the next market collapse could be greater than that of the FTX incident.
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Enterprise AI company Clay completes $115 million Series D funding, led by Wellington
enterprise AI company Clay has announced the completion of a $115 million Series D funding round, led by Wellington, with participation from Sequoia Capital, StepStone, Andreessen Horowitz (a16z), Perennial, Meritech, DST, CapitalG, and others. The post-money valuation has risen to $7.1 billion.Clay stated that its AI agents can build real-time business and customer profiles based on internal and external data such as CRM, and automatically construct and execute workflows according to enterprise goals. Currently, companies including Anthropic, Google, OpenAI, and Stripe have adopted its products. (Reuters)
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a16z Crypto: The on-chain scale of traditional assets excluding stablecoins has exceeded $35 billion.
a16z Crypto stated in a post that over $35 billion in traditional assets have been placed on-chain, and excluding stablecoins, this volume remains nearly triple what it was a year prior to the passage of the GENIUS Act. a16z Crypto noted that the CLARITY Act will provide a regulatory framework for the on-chain infrastructure underlying these assets, with next year's developments hinging on related progress next week.
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a16z Leads Cognition’s $200 Million Series E Funding Round at a $4.8 Billion Valuation
According to Forbes, Andreessen Horowitz and Accel co-led Cognition, an AI coding agent company, in a Series E funding round of more than $2 billion, pushing its latest valuation to $48 billion, a substantial increase from the $26 billion valuation four months prior. Over 30 other institutions, including Founders Fund, General Catalyst, Avenir, and NVIDIA, participated in the round. Operating revenue for Cognition’s AI coding agent product Devin has grown from $492 million in May to nearly $900 million, with The Information forecasting that its annualized revenue could reach $4 billion to $5 billion by year-end.
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a16z crypto releases Lattice Jolt: The first high-performance post-quantum zkVM based on lattice cryptography
According to an official post from a16z crypto, a16z crypto has officially released Lattice Jolt, a new version of its open-source zkVM (zero-knowledge virtual machine) that fully transitions its underlying cryptography from elliptic curves to a lattice architecture, achieving post-quantum security while significantly boosting performance. Key highlights include: • Performance improvement: Proof generation speed increased by 2-3 times, reaching up to 2 million RV64IMAC cycles per second in CPU mode, and breaking through 10 million cycles per second with MacBook GPU acceleration (Apple Metal); • Smallest proof size: Proof footprint is under 100 KB, significantly outperforming other post-quantum zkVMs with sizes ranging from 200 KB to 600 KB; • Memory optimization: Memory consumption per cycle reduced from approximately 300 bytes to 200 bytes, supporting proof generation for millions of RISC-V cycles on mobile devices; • Security: Based on the standard Module-SIS assumption, providing a complete 128-bit security strength, sharing the same assumption framework as ML-DSA and ML-KEM; • New commitment scheme: The Akita polynomial commitment scheme, jointly developed by LayerZero in collaboration with institutions such as Carnegie Mellon University and the University of Southern California, replaces the original Dory scheme. a16z crypto also pointed out that hash-based SNARKs are widespread...
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Arc mainnet will launch on September 16, and Circle will host a mainnet launch livestream event
Circle stated the event will be held in New York, with topics covering institutional finance, global capital flows, 24/7 markets, and the Agent economy, as well as showcasing first-day products and applications. A developer pre-event session will be held from 11:30 AM to 1:30 PM ET on September 16, followed by a main stage livestream from 2:00 PM to 3:45 PM, with representatives from BlackRock, DTCC, Aave, SBI Group, Morpho, Ripio, Extended, a16z, and Circle participating. Developers can already build on the Arc testnet.
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YZi Labs ranks as the world's second most active family office in August, participating in 10 funding rounds totaling $42.1 million
Odaily News In August, family offices participated in a total of 109 deals, with the total disclosed funding amount for related transactions reaching $16.9 billion, of which later-stage rounds accounted for 27% of all deals. a16z Perennial ranked first with participation in 17 deals; YZi Labs ranked second with participation in 10 deals, with the total disclosed size of related funding rounds reaching $42.1 million. YZi Labs manages over $10 billion in assets, with investments spanning Web3, AI, healthcare, and other sectors, targeting startups at various development stages. The aforementioned funding figures represent the combined amounts from all investors in the relevant funding rounds and do not reflect YZi Labs' actual capital contribution. Due to the highly private nature of family office investments, the specific investment amount of a single family office in each transaction is often difficult to obtain.
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A position valued at $445 million with unrealized gains of approximately $95.18 million; the institution suspected to be a16z's largest HYPE holder has bought another $13.05 million USDC
Odaily News: According to on-chain analyst Yu Jin's monitoring, the institution suspected to be a16z's largest HYPE holder purchased 816,000 HYPE at an average price of $81.3 per token for $66.4 million USDC a week ago. Eight hours ago, it transferred another $13.05 million USDC to Hyperliquid and purchased HYPE via TWAP. The institution has now bought and staked a total of 5.201 million HYPE, valued at $445 million, with an average price of approximately $67.2 per token, resulting in unrealized gains of about $95.18 million.
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OpenReserve receives preliminary approval for full-service national bank, must raise $210 million and maintain 12% Tier 1 leverage ratio
Odaily News: Blockchain-native fintech startup OpenReserve received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on September 2 to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum Tier 1 leverage ratio of 12% for three years after opening. It must also commence operations within 18 months, or the approval will lapse. The relevant deadlines are September 2027 and March 2028, respectively.OpenReserve plans to offer tokenized deposits, treasury management, foreign correspondent banking, and Banking-as-a-Service for institutional clients. The full-service national bank charter, upon final approval, would allow it to accept deposits and conduct lending activities.OpenReserve previously completed a $25 million seed funding round led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures, among others. The company plans to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but that subsidiary has not yet filed an application with the OCC. (Decrypt)
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AI infrastructure company Gimlet Labs completes $300 million funding round, led by a16z
: AI infrastructure startup Gimlet Labs has completed a $300 million funding round, raising its valuation to $3 billion. The round was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and M12, Microsoft's venture capital fund.Gimlet Labs primarily helps customers allocate AI tasks across different types of chips and is working with Arm to make its software compatible with Arm's various chip technologies. (Bloomberg)
a16z: Tech Hiring Prioritizes Experience Over Skills, AI Reshapes Security and Employment Landscape
Data compiled by a16z Charts indicates that since January 2025, tech hiring has clearly favored years of experience over the number of skills, reflecting a shift of approximately 5% to 10%. The charts show that companies are de-emphasizing skill checklists during candidate screening, shifting their focus instead to candidates' accumulated experience. This shift is tied to the skill gaps created by AI, which is actively reshaping the security and employment landscape.
Balaji: Bullish on ZEC to $100,000
Odaily News, Former Coinbase CTO, a16z partner, and author of "The Network State," Balaji, cited his related tweet from January 9th of this year, stating: "Zcash $1,000; Zcash $10,000; Zcash $100,000."Previously reported, the ZEC price broke through $1,000, with a 24-hour increase of 22.05%.
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SEC to Determine Confidentiality and Review Speed of Crypto ETF Filings, Grayscale, A16z and Others Split with Jane Street, Charles Schwab
Odaily News The U.S. Securities and Exchange Commission (SEC) has published responses to its request for comments on "Novel ETFs," funds that may hold crypto assets or employ unconventional strategies. The divergence in opinions centers on whether filing documents should remain public before the fund begins trading, and how fast the review process should be.Crypto asset manager Grayscale and the crypto policy organization Crypto Council for Innovation (CCI) support an optional confidential filing period to reduce the likelihood of competitors submitting imitation filings. Charles Schwab opposes full confidentiality and suggests disclosing filings at least 75 days before a fund launches.Grayscale requests the SEC to respond within 45 days, while CCI argues that the confidential process should not extend the automatic effectiveness or review deadlines. Venture capital firm Andreessen Horowitz (A16z) supports shortening the review timeline but emphasizes that the rigor of the review should not be reduced. Trading firm Jane Street, however, contends that accelerating the process could lead to lower product quality, competitiveness, and liquidity.The U.S. currently has 174 ETFs related to crypto assets. BlackRock's iShares Bitcoin Trust ETF (IBIT) manages approximately $61 billion in assets, accounting for roughly 38% of the total assets of related ETFs. The SEC will determine whether adjustments will be made to the confidentiality arrangement and review speed of filings. (Bitcoin.com News)
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Crypto industry stakeholders submit differentiated rule proposals to SEC on novel ETF regulation
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
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Stablecoin remittance company Felix Pago completes $200 million Series B funding round, a16z joins investment
According to Bloomberg, remittance startup Felix Pago announced the completion of a $200 million Series B financing round, featuring an $87 million equity investment led by Andreessen Horowitz and a $113 million credit facility from General Catalyst’s Customer Value Fund. Felix Pago plans to leverage the proceeds to expand from its remittance business into other financial services, including lending and savings, targeting Latin American immigrants in the United States.
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Stablecoin usage in Argentina becomes normalized, "crypto dollar" demand persists as inflation cools
An a16z Crypto article points out that Argentina is one of the Latin American countries with relatively high cryptocurrency adoption rates, with approximately one-fifth of the population using crypto assets. Due to sustained inflation, currency devaluation, and foreign exchange controls, Argentine residents view the US dollar as a crucial savings vehicle, while USD-backed stablecoins have emerged as an alternative way to gain dollar exposure.
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a16z launches $1.1B Machine Age Fund, betting on AI hardware and infrastructure
Odaily News: a16z announced the closing of its new fund, Machine Age Fund, with $1.1 billion in funding, focused on investing in the hardware and infrastructure that powers AI, including chips, memory, networking, storage, as well as complete systems such as data centers, robotics, and home AI devices.a16z noted that surging AI demand and compute density are pushing existing supply chains and physical and computational architectures to their limits. Rack power is rising from 5-10kW to 100-250kW, and is expected to reach 1MW within three years, while data center scales are expanding toward hundreds of megawatts and even gigawatt-class campuses. The fund will target higher compute density, cheaper high-bandwidth memory, faster interconnects, low-power edge devices, as well as supporting cooling, power, and real estate infrastructure, to back a new generation of AI hardware startups.
Worth $381 million with a profit of $74.4 million; an entity suspected to be associated with a16z holds and stakes 4.679 million HYPE
Odaily News: According to on-chain analyst Ember's monitoring, after purchasing $24 million worth of HYPE at $68.7 in June, the largest HYPE holder suspected to be associated with a16z has once again bought and staked HYPE. Within the past day, the entity deposited 36 million USDC into Hyperliquid through 12 addresses to purchase HYPE. So far, it has used 24 million USDC to buy 282,090 HYPE at an average price of $81.5. The entity currently holds and stakes a total of 4.679 million HYPE, valued at $381 million, with an average price of approximately $65.6, resulting in a profit of $74.4 million.
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