Paradigm Raises $1.2 Billion as AI Funding Outpaces Crypto Deals in 2026
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Paradigm has closed a $1.2 billion fund built to chase artificial intelligence and robotics deals outside its crypto roots.
Key facts
Paradigm backed Nous Research, a decentralized AI infrastructure company, in a $50 million round in 2024 or 2025
Its 2021 vehicle raised $2.5 billion, the largest crypto-focused fund at the time
The firm co-led a $175 million round in Morpho, a decentralized lending protocol, in June 2026
Bloomberg’s Rebecca Torrence reported the news on July 8, 2026, describing the vehicle as the venture firm’s third fund
Summary
Paradigm closed a $1.2 billion fund on Wednesday targeting AI and robotics. Paradigm already backed Zipline and True Anomaly through the new frontier fund. Bloomberg’s Rebecca Torrence reported the news on July 8, 2026, describing the vehicle as the venture firm’s third fund. The new fund lands at a moment when capital is moving in two different directions.