A venture capital firm focused on cryptocurrencies model Raised $1.2 billion in new venture finance To invest in areas such as artificial intelligence and robotics, Bloomberg News I mentioned Wednesday (July 8).
“Cryptocurrencies were the first frontier for us, and it continues to be a really exciting space,” Managing Partner Alana Palmedo He said according to the report. “But there’s so much going on right now that it’s very hard to ignore.”
The report said that the cryptocurrency market is facing difficulties. The price of Bitcoin has fallen by almost 30% this year. Meanwhile, venture funding in the AI sector accounted for 70% of startup investments worldwide during the second quarter of 2026.
Paradigm has already made several investments from its new fund, including the startup of a self-driving drone delivery service Zipline Internationalvalued at $7.6 billion in January, and the Aerospace Defense Corporation Real anomalyWorth $2.2 billion in April, according to the report.
Paradigm also builds its own technology, and in some cases to launch new companies. Earlier this year, the company debuted an assessment tool for AI clients OpenAI. Managing Partner Matt Huang also leads paceA Payments Series Payments Launched simultaneously with tapeThe report said.
The model builds a Prediction markets The platform, which is set to become its own independent company, Huang said, according to the report. The technology is being developed on top of existing prediction markets platforms such as everything He will not compete with them.
Paradigm never planned to focus solely on cryptocurrency investments, but rather to take advantage of shifts in the technology landscape. At one time, that meant digital assets, but the focus has now moved to artificial intelligence, Huang said, according to the report.
“It seems to us that this really changes everything if you’re a founder running a company or an investor thinking about the future,” he said in the report.
Meanwhile, it was reported in April that 40 cents of each Venture capital The dollar invested in cryptocurrency companies in 2025 will go to companies developing products that combine artificial intelligence and cryptocurrencies. That was up from 18 cents on the dollar one year ago.
