Crypto VC Paradigm raises $1.2B to push into AI

Crypto venture firm Paradigm is widening its investment gaze toward AI and other frontier industries with its latest fund.

Paradigm has raised $1.2 billion for its fourth fund, which will expand the crypto venture capital firm’s investments into artificial intelligence and related technologies.

The company said on Wednesday that its latest fund will invest “first in crypto, and now across AI, robotics and other frontiers.”

“We continue investing in crypto and the reinvention of markets and the financial system,” Paradigm added, highlighting its investments in the crypto perpetuals exchange Hyperliquid and the prediction markets platform Kalshi.

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