SpaceX · Bloomberg · Jensen Huang · CoinDesk
Paradigm has raised $1.2 billion for a new venture fund focused on artificial intelligence and robotics
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The firm's third venture fund reflects growing interest in AI and defense technology, though it does not signal an exit from digital assets.
Key facts
- Paradigm has already deployed capital from the new fund into several companies, including autonomous drone delivery company Zipline International, which was valued at $7.6 billion in January
- Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B
- Founded in 2018 by Matt Huang and Coinbase co-founder Fred Ehrsam, Paradigm built its reputation as one of crypto's largest venture investors
- Paradigm has raised $1.2 billion for a new venture fund focused on artificial intelligence and robotics, according to a blog post Wednesday
Summary
Paradigm has raised a $1.2 billion venture fund focused on artificial intelligence and robotics while continuing to invest in crypto. The fund has already backed drone delivery company Zipline and space defense startup True Anomaly. The new vehicle expands Paradigm's investment strategy beyond digital assets after previously raising dedicated crypto funds in 2021 and 2024. Paradigm has raised $1.2 billion for a new venture fund focused on artificial intelligence and robotics, according to a blog post Wednesday.