a16z raised a $1.1B hardware fund.

Announced August 28, backing AI processors, memory, networking, storage, robotics and data centers, led by Raghu Raghuram and Martin Casado. The firm's argument is that every layer of the hardware supply chain is capacity constrained, from chips to memory to power, and that's where returns moved. Fifteen years after "software is eating the world," the software-first firm raising a dedicated hardware vehicle is itself the signal. (TechCrunch)