Kleiner Perkins announces $2 billion in fresh capital, showing that established firms can still raise large sums

Many VC firms are struggling to attract new capital from their own backers amid a tepid IPO environment. But established, brand-name firms are still able to raise large funds. On Friday, Kleiner Perkins announced that it closed on more than $2 billion in fresh capital across two funds, a slight increase from the 52-year-old firm’s […]

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Character.AI now allows users to talk with AI avatars over calls

a16z-backed Character.AI said today that it is now allowing users to talk to AI characters over calls. The feature currently supports multiple languages, including English, Spanish, Portuguese, Russian, Korean, Japanese, and Chinese. The startup tested the calling feature ahead of today’s public launch. During that time, it said that more than 3 million users had […]

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Brex’s compliance head has left the fintech startup to join Andreessen Horowitz as a partner

Ali Rathod-Papier has stepped down from her role as global head of compliance at corporate card expense management startup Brex to join venture firm Andreessen Horowitz (a16z) as a partner and compliance officer, TechCrunch has exclusively learned. Rathod-Papier and a16z declined to comment on the move. According to her LinkedIn profile, Rathod-Papier now “oversees a16z’s […]

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Here’s a lab-grown diamond startup that’s attracted a16z’s attention

Throughout hip-hop’s long history, jewelry has served as an important vehicle for artists to convey their ideas and affluence, or simply to dazzle onlookers. Diamonds, in particular, serve as an important motif, famously exemplified by Drake’s $400,000 diamond-encrusted iPhone case. But not everyone is a millionaire rapper, and most people can’t exactly afford to wear […]

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Andreessen Horowitz’s $7.2B new funds for a ‘new era’

What is worth $11 billion and wants to go to Mars to collect rocks? NASA’s mission to Mars to collect rocks that was expected to cost $11 billion and take ages. So, the U.S. space agency is throwing the doors open to get more input, and that means that startups are looking at an opportunity that […]

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