Crypto VC Paradigm launches $1.2 billion AI fund as it broadens beyond digital assets: BBG
The firm’s latest fund backs AI and robotics startups but leadership says it remains committed to crypto investing.
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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, according to Bloomberg.
- The new vehicle expands Paradigm’s investment strategy beyond digital assets after previously raising dedicated crypto funds in 2021 and 2024.
