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Manufacturing startup SendCutSend completes a $110 million funding round, led by Paradigm and others

MeNews
ME News, May 20 (UTC+8): the manufacturing startup SendCutSend completed a $110 million funding round, jointly led by Sequoia Capital, the cryptocurrency venture capital fund Paradigm, and Stripe co-founders Patrick Collison and John Collison, bringing its valuation to $1 billion. It is reported that Paradigm was originally a top-tier crypto-native VC firm managing about $12.7 billion in assets. However, since 2023, the firm has begun to adjust its strategic direction: it removed references to “crypto” and “Web3” from its official website, and co-founder Matt Huang publicly stated that “the development of AI is too interesting to ignore.” Against this backdrop, investing in SendCutSend aligns with Paradigm’s logic of expanding toward “AI + robotics + advanced manufacturing.” (Source: BlockBeats)
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