a16z leads the Special fundraising round, with the former DOGE team betting on an AI M&A cost-cutting track

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Deep Tide TechFlow News, on June 03, according to Tech in Asia, AI M&A company Special—co-founded by former U.S. government efficiency department (DOGE) staff Nate Cavanaugh and Justin Fox—announced the completion of a round of financing with an undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former xAI CFO; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-oriented businesses through AI-automated workflow to reduce costs, and has reached an agreement to acquire a Texas healthcare company, incorporating it into its Figure Health business line focused on aging populations.
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