Jensen Huang · Coinbase · Decrypt
Paradigm Raises $1.2 Billion Fund as Crypto VC Pushes Further Into AI
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Crypto venture firm Paradigm has raised a $1.2 billion fund to invest in AI, robotics, crypto, and other technologies, broadening its focus beyond digital assets.
Key facts
- $1.2B to invest in steep exponentials. 8 years ago we were backed by people who believed in the crypto frontier,” Paradigm managing partner Alana Palmedo wrote on X
- Crypto venture firm Paradigm has raised a $1.2 billion fund to invest in AI, robotics, crypto, and other technologies, broadening its focus beyond digital assets
- Founded in 2018 by Matt Huang and Coinbase co-founder Fred Ehrsam, Paradigm became one of crypto’s largest venture investors
- Other investments Paradigm noted included autonomous drone developer Zipline, space defense startup True Anomaly, and Nous Research, the AI company behind Hermes Agent
Summary
Paradigm announced a $1.2 billion fourth fund targeting crypto, AI, robotics, and other technology startups. The crypto VC firm has backed companies including Nous Research, Zipline, True Anomaly, Hyperliquid, and Kalshi. Paradigm said it remains committed to crypto as it explores areas where AI and blockchain overlap. While crypto remains central to Paradigm’s business, the San Francisco-based firm said Wednesday its fourth fund will expand investments into AI, autonomous hardware, and other emerging technologies while continuing its research-driven approach.