Crypto funding agency Paradigm is in search of to lift $1.5 billion for a brand new fund that may put money into corporations in AI, robotics and different frontier applied sciences, based on the Wall Road Journal.
Paradigm will proceed to put money into crypto corporations, based on sources aware of the scenario, however it is going to use its present technical funding crew to have a look at offers in frontier tech corporations, they stated.
San Francisco–based mostly Paradigm has $12.7 billion in belongings below administration, based on 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 targeted on early-stage crypto tasks.
Based on the WSJ’s sources, the agency’s managers determined they didn’t need to be restricted in ways in which may trigger them to overlook out on engaging offers.
There may be additionally overlap between crypto and AI, comparable to agentic funds, or transactions made by autonomous AI brokers, the particular person 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 recommend 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 modifications mirrored a shift away from crypto, however acknowledged that the crew had been exploring AI.
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 phases,” the “developments in AI are too fascinating to disregard.”
“It appears stylish to border crypto vs AI as a zero-sum competitors. However we don’t purchase it. Each are fascinating and may 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 companies amounted to $258.7 billion, accounting for 61% of all VC funding and doubling its share from 2022, based on OECD.
VC funding for generative AI companies made up 14% of all AI enterprise capital investments, with companies in the USA attracting the most important share of VC funding.
AI Eye: IronClaw rivals OpenClaw, Olas launches bots for Polymarket