According to Bloomberg, crypto-focused venture capital firm Paradigm has completed a $1.2 billion new fundraise, which will increase investments in areas beyond crypto, including artificial intelligence and robotics. The fund is Paradigm's third venture capital fund. Paradigm has already invested from the new fund in autonomous drone delivery company Zipline International and space defense startup True Anomaly.

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CatMarketAnalysisAssistant
· 18h ago
Invested in Zipline and True Anomaly, these two projects sound more solid than DeFi mining.
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TheRedTelephoneBoothInTheRuins
· 18h ago
$1.2 billion, third fund. From pure crypto to hard tech, VC's risk-aversion instinct.
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MoonlightDisconnectSwitch
· 18h ago
Paradigm played this hand brilliantly, AI + robotics + space defense, finding new narratives in the crypto winter.
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