In short
- Paradigm has announced its fourth $1.2 billion fund focused on 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 focuses on areas where AI and blockchain intersect.
Crypto venture company Paradigm has raised a $1.2 billion fund to invest in AI, robotics, crypto, and other technologies, expanding its focus beyond the digital economy.
Although crypto is still at the center of the business of Paradigm, a company based in San Francisco he said On Wednesday its fourth fund will expand investments in AI, autonomous vehicles, and other emerging technologies as it continues its research-driven approach.
“$1.2B to invest more money. 8 years ago we were supported by people who believed in the limits of crypto,” Paradigm managing partner Alana Palmedo. he wrote at X. “Now we are expanding as the frontiers collide across AI, crypto, space, deep tech, energy. Thanks to our partners.”
Founded in 2018 by Matt Huang and Coinbase co-founder Fred Ehrsam, Paradigm became one of the largest crypto businesses. The company raised a $2.5 billion crypto fund in 2021, followed by a $850 million The first blockchain fund in 2024.
“Our strategy is to stay close to metals—exploring, building, and investing together with startups, first in crypto, and now across AI, robotics, and other frontiers,” the company said in a statement.
Other Paradigm investments noted include autonomous drone maker Zipline, space safety startup True Anomaly, and Nous Research, a back-end AI company. Helper of Hermes.
On the crypto side, Paradigm pointed to business transactions on a stable exchange Hyperliquida market forecasting platform Kalshiand Tempoa stablecoin-focused blockchain launched by Stripe.
The company reviewed internal projects including the Ethereum Foundry and Reth development tools, the AI Centaur project, and EVMbenchblockchain security benchmark developed by OpenAI.
The news comes as crypto companies are building more AI assistants that can move money and complete transactions online. Companies including Coinbase and Stripe have developed payment tools that aim to allow AI agents to use wallets, stablecoins, and other financial systems to complete transactions without human intervention.
“Slide-enough features are indistinguishable from magic, and we’re seeing displays around the world working like never before,” the company said. “This time favors open-minded people to throw away existing books and revise new ideas of reality often. It is the ideas we share with the founders that we have come back to.”
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