The company that ate up Silicon Valley just raised another $15 billion

Andreessen Horowitz recently announced that the company has recently expanded $15 billion in new currency. The move represents 18% of the total investment in the United States in 2025, according to co-founder Ben Horowitz, but the most jaw-dropping thing is that it brings the organization to more than $ 90 billion in assets under management, putting it neck and neck with Sequoia Capital as one of the largest companies in the world. Which is appropriate, since the a16z seems to be very friendly with real financial investments, including one from Saudi Arabia.

The company, which employs nearly hundreds of people in five offices – three in California, plus New York and Washington DC – has become a global operation with employees on six continents. In December, it opened its first Asian office in Seoul for its crypto operations.

The newly committed capital breaks down five funds: $6.75 billion for capital raising, $1.7 billion each for programs and infrastructure, $1.176 billion for “American Dynamism” (more on that soon), $700 million for medical technology, and another $3 billion for other business initiatives. It’s the kind of money that makes you wonder where it all comes from and, more importantly, where it goes.

The question of “where it comes from” is one that the company refused to answer. When we asked a16z this week about its minority shareholders and its dividend-payout ratio – DPI, or the amount of money the company has returned to investors over 16 years – the company did not respond. All we know is this CalPERS images invested $400 million in 2023, which is the first time in the history of a16z took money from a large pension fund in California, perhaps because organizations with transparent requirements do not really match the company’s interests in transparency. We also know that Sanabil Investments, which is part of Saudi Arabia’s Public Investment Fund, list Andreessen Horowitz among his investments.

The Saudi connection is not unusual. Back in 2023, Marc Andreessen and Ben Horowitz appeared on stage with WeWork co-founder Adam Neumann to discuss their $350 million investment in his new home-building business, Flow. The venue was a conference sponsored by one of Saudi Arabia’s largest independent organizations. Horowitz praised Saudi Arabia as a “startup country,” adding that “Saudi has a start-up; you don’t call him a start-up, you. calling him his royal glory.”

But Marc Andreessen found someone royal to admire. Since President Donald Trump’s victory in November 2024, Andreessen has logged countless hours at Mar-a-Lago, with his own account, to help shape technology, business, and economic policy. At the beginning of last year, he became “an unpaid student“In Elon Musk’s Department of Government Efficiency, vetting candidates for the Trump administration – not only because of current jobs but also positions in the Department of Defense and law enforcement agencies.

This is important because a16z’s current strategies are heavily influenced by what it calls “American Dynamism” – a trend that provides security, space, human security, housing, education, and manufacturing. This portfolio is well suited to the needs of the Department of Defense: Anduril (defense weapons), Shield AI (military drones), Saronic Technologies (autonomous submarines), and Castelion (hypersonic missiles). The big bet is that America needs to rebuild and restore the production of the most important things, especially since, as a16z says, the US will use all its weapons “in 8 days” in the conflict with China in Taiwan, and then it will take three years to rebuild.

Then there’s AI betting, which can be a high-risk, high-reward game to date. A16z has positioned itself at every level of the AI ​​stack: architecture (Databricks), basic models (with trees in Mistral AI, OpenAI and xAI), and software (Behavior.AIamong many other companies).

The company has achievements to point to. His investment of $25 million in Coinbase turned into a value of $86 billion in 2021 IPO. There’s Airbnb (publicly valued at $100 billion), Slack (acquired for $27.7 billion), and GitHub ($7.5 billion for Microsoft). His history includes 115 unicorns, 35 IPOs, and 241 acquisitions, according to market intelligence company Tracxn. The company has also made and lost money by acquiring cryptocurrency tokens, although the numbers are not clear.

In a blog published Friday morning, Ben Horowitz wrote that “as America’s leader in Venture Capital, the future of new technology in the United States rests on our shoulders.” It’s the kind of sound that makes agitators so competitive, some that have been around for almost 50 years, compared to the little a16z. Horowitz frames the a16z’s goal as “ensuring America’s next 100 years of technology.”

It is not known if this will happen. What is certain is that Andreessen Horowitz has mastered the art of raising money – $15 billion this time – to support the vision of American technology that goes beyond Riyadh, Mar-a-Lago, and the Pentagon. It’s a sound word, and apparently, it works.