Pit, an AI startup launched by former founders of European scooter giant Voi, is drawing major momentum from Silicon Valley. Backed by a16z, Pit has become the latest Stockholm rising star, with the firm reportedly leading the startup’s $16 million seed round. The funding signals growing investor interest in European AI teams with real-world operational experience.
Ethos, the expert network, has raised $22.75 million from a16z as it pushes faster onboarding using voice. The company says its system is onboarding 35,000 experts per week, aiming to expand the pool of specialists available for customers. The funding underscores investor interest in scaling human expertise through automation.
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As crypto sentiment cools, a16z crypto has reportedly raised a massive $2.2 billion fund. While other major firms increasingly look to back AI startups, the new fund signals a16z’s decision to stay focused on crypto rather than chase the latest tech wave. The move highlights how VCs are balancing risk and conviction in a shifting market.
Andreessen Horowitz’s crypto arm, a16z crypto, has secured a massive $2.2 billion for Fund V. The fund will prioritize stablecoins and AI agents, arguing that crypto’s native features are becoming more valuable as software grows more complex and AI systems stay largely opaque, reshaping what investors think the next infrastructure layer should look like.
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