$1.2B Paradigm Fund Targets Crypto, AI, Robotics Convergence

Paradigm has launched its fourth fund worth $1.2 billion to back crypto, AI, robotics, and other frontier technologies. The firm's early investments include Zipline, an autonomous delivery company valued at $7.6 billion, and True Anomaly, a space-defense startup valued at $2.2 billion.

The new vehicle will focus on agent infrastructure and robotics, with the goal of creating new markets where AI systems and robots interact with each other. Paradigm believes that crypto rails can provide trust, coordination, and programmable money for these interactions.

Fundstrat reports that over 2,000 agents have been onboarded on ACP v2.0 since April, generating around $4.5 million in gross fees. The firm also notes that the agent layer is being tied to real machines, with a fleet of 30+ Unitree robots operating at Eastworlds Labs.