Overview
- Paradigm announced the close of a $1.2 billion frontier-technology venture fund on July 8 that expands its mandate to include artificial intelligence and robotics alongside crypto.
- The firm says it will keep investing in digital assets while using the new vehicle to back startups outside blockchain.
- Paradigm has already deployed money from the fund into companies including drone delivery firm Zipline and space-defense startup True Anomaly.
- The firm highlighted internal research and tools such as Foundry, Reth, the Centaur agent project, and EVMbench with OpenAI as ways its crypto expertise can support AI agent security and bridge the two fields.
- The raise mirrors a wider trend of crypto-focused VCs reallocating capital into AI after record AI funding in H1 2026, and it puts Paradigm in direct competition with large generalist funds for frontier technology deals.