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Andreessen Horowitz has raised over $15 billion in new funding, increasing its total assets under management to more than $90 billion, which accounts for over 18% of U.S. venture capital in 2025. The capital will be distributed across five funds with a focus on sectors aligned with Defense Department priorities, including significant investments in AI and technology. Notable investors include CalPERS and Saudi Arabia's Sanabil Investments, positioning the firm as a major player in the venture capital landscape.