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Paradigm Raises $1.2 Billion Fund for Artificial Intelligence and Robotics
The venture firm announced its third fund on July 8, 2026, and has already invested in drone delivery company Zipline and space defense startup True Anomaly. Leadership said the vehicle broadens strategy beyond crypto without ending those investments.
Jul 8, 11:11 AM·1m read2 sources
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Paradigm has raised a $1.2 billion venture fund focused on artificial intelligence and robotics, CoinDesk reported. The firm announced the vehicle in a blog post published Wednesday. The fund has already backed autonomous drone delivery company Zipline International, valued at $7.6 billion in January, and space defense startup True Anomaly, which reached a $2.2 billion valuation in April.
"Crypto was the first frontier for us, and it continues to be a really exciting one, but there's so much else happening right now that's pretty hard to ignore," managing partner Alana Palmedo told Bloomberg. Paradigm was founded in 2018 by Matt Huang and Coinbase co-founder Fred Ehrsam.
The firm previously raised a $2.5 billion flagship crypto fund in November 2021 and an $850 million fund for early-stage blockchain startups in 2024.
Huang stated the firm did not view crypto and AI as "a zero-sum competition" and expected "plenty of overlap" between the two technologies.
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CorroborationModerate · 2 sources
