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July saw a slowdown in venture capital activity across the U.S., with only Andreessen Horowitz (a16z) breaking double digits in deal-making, leading or co-leading 11 funding rounds. The firm’s notable investments include a $200M round for space startup Astranis, a $175M Series B for autonomous surface vessels maker Saronic, and a $130M Series B for AI data analysis startup Hebbia. Other active firms included General Catalyst and Sequoia Capital, each closing nine deals, with General Catalyst making headlines by leading a $300M Series A for Skild AI. Despite the overall slow month, a16z’s consistent activity highlights its continued influence in the venture capital space.
Original article posted on August 12, 2024