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In today’s Inside/VC edition:

The Inside:
Andreessen Horowitz just closed a fresh $15B fundraise, pushing the firm past $90B in assets under management and putting it neck and neck with Sequoia as the biggest venture firm on the planet.

The details:

Why it matters:
This is no longer just a VC firm. a16z is now operating like a privately run industrial policy arm, blending Saudi capital, Washington access, and Silicon Valley tech to shape who builds America’s next generation of AI, defense, and manufacturing companies.

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The Inside:

OpenAI just launched ChatGPT Health, a dedicated health mode after revealing that 230M people already ask health and wellness questions on ChatGPT every week. The company is now formalizing what was already happening at massive scale.

The details:

Why it matters:
OpenAI is turning ChatGPT into a front door for healthcare. When hundreds of millions of people already use it to ask about symptoms, training plans, meds, and mental health, building a dedicated health layer locks in behavior that was previously informal. Whoever controls that interface ends up sitting between patients, doctors, and health data.

Disney Plus is launching a short form vertical video feed in the US later this year, mixing original clips, social style videos, and scenes from shows and movies inside the app.

Disney says the experience will be personalized and designed to match how people already scroll on their phones. It is a move to boost daily engagement and keep younger viewers from drifting to TikTok and Reels.

Gmail is rolling out a new AI Inbox that shows suggested to dos and grouped updates like finances and purchases in a single view.

Google is also adding AI powered search so you can ask natural language questions and get answers pulled directly from your emails. Alongside that, Gmail is launching a built in proofreading tool similar to Grammarly, with most of these features first going to paid AI Pro and Ultra users.

SpaceX just got FCC approval to launch 7,500 more second generation Starlink satellites, bringing its total approved fleet to 15,000. The decision also lets Starlink operate across more frequencies and offer direct to cell service outside the US.

The FCC deferred approval for most of the additional satellites SpaceX requested beyond this batch. Half of the approved satellites must be launched by the end of 2028, with the rest due by 2031.

Data security startup Cyera hits $9B valuation six months after being valued at $6B

Cyera raised a $400M Series F at a $9B valuation just six months after being valued at $6B, bringing total funding to over $1.7B.

Spangle raised a $15M Series A at a $100M valuation, tripling its value since its $30M seed round last year.

Lux Capital closed a $1.5B ninth fund, the largest in the firm’s 25 year history.

Swap Commerce (Shopify competitor) raised a new $100M round just six months after closing a $40M Series B.

Anthropic is preparing to raise $10B at a $350B valuation, nearly doubling its value from $183B just three months ago.

See you soon,

Jannis & Felix — the humans behind Inside/VC