Andreessen Horowitz has raised $1.1B for its first dedicated hardware-infrastructure fund, dubbed Machine Age, which will focus on investments in artificial-intelligence processors, memory chips, networking equipment, data storage and robotics, among other areas. -WSJ
Led by Raghu Raghuram, a tech-industry veteran who started his career at internet pioneer Netscape along w Andreessen.
The $1.1B fund is 1% of Andreessen Horowitz’s total AUM of $100B.
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