Crypto funding agency Paradigm is looking for to lift $1.5 billion for a brand new fund that may put money into corporations in AI, robotics and different frontier applied sciences, in accordance with the Wall Avenue Journal.
Paradigm will proceed to put money into crypto corporations, in accordance with sources accustomed to the state of affairs, however it’s going to use its present technical funding group to take a look at offers in frontier tech corporations, they stated.
San Francisco–based mostly Paradigm has $12.7 billion in belongings beneath administration, in accordance with the newest regulatory filings.
It launched its flagship $2.5 billion fund in November 2021, which was the most important crypto fund in historical past on the time. It publicly introduced its third fund in 2024 — an $850 million enterprise fund centered on early-stage crypto tasks.
In line with the WSJ’s sources, the agency’s managers determined they didn’t need to be restricted in ways in which might trigger them to overlook out on enticing offers.
There’s additionally overlap between crypto and AI, corresponding to agentic funds, or transactions made by autonomous AI brokers, the individual stated.
Paradigm exploring AI as early as 2023
Paradigm acknowledged it had been “tinkering” with AI and its convergence with crypto as early as three years in the past.
In 2023, Paradigm was seen eradicating Web3 and crypto-specific language from its web site, prompting some speculators to counsel it was already pivoting from crypto to AI.
Matt Huang, the co-founder and managing companion of Paradigm, denied on the time that the web site adjustments mirrored a shift away from crypto, however acknowledged that the group had been exploring AI.
Supply: Matt Huang
In a lengthier tweet weeks later, Huang stated that whereas “we’ve by no means been extra enthusiastic about crypto and proceed to speculate throughout all levels,” the “developments in AI are too attention-grabbing to disregard.”
“It appears stylish to border crypto vs AI as a zero-sum competitors. However we don’t purchase it. Each are attention-grabbing and can have loads of overlap. We’re excited to proceed exploring,” he stated.
Earlier this month, Paradigm and OpenAI launched EVMbench, a brand new benchmark evaluating how totally different AI fashions can detect and patch safety vulnerabilities present in sensible contracts.
AI made up greater than half of all VC funding in 2025
In 2025, enterprise capital investments in AI corporations amounted to $258.7 billion, accounting for 61% of all VC funding and doubling its share from 2022, in accordance with OECD.
VC funding for generative AI corporations made up 14% of all AI enterprise capital investments, with corporations in the US attracting the most important share of VC funding.
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