Paradigm Raises $1.2B for AI-Focused Fund, Expands Beyond Crypto

Paradigm, a venture capital firm specializing in crypto investments, has expanded its focus beyond cryptocurrency to emerging technologies like artificial intelligence (AI) and robotics. The company recently raised $1.2 billion for its third fund, which will invest in AI, robotics, and other cutting-edge sectors.

The move comes as the global venture funding landscape continues to shift towards AI-driven innovations, while crypto markets face weaker investor sentiment. However, Paradigm's managing partners, Matt Huang and Alana Palmedo, emphasized that they will continue to invest in crypto companies.

Paradigm has already backed notable startups such as Zipline and True Anomaly through its new fund. The firm also develops its own technologies, including AI tools and a prediction markets platform. Huang and Palmedo view AI as the next major technological shift, with a growing overlap between AI and blockchain.