Paradigm Raises $1.2 Billion New Fund, Expanding Investment Scope to AI and Robotics

Paradigm, a cryptocurrency investment firm, has raised a new fund totaling $1.2 billion, which will expand its investment scope beyond the cryptocurrency industry to include AI and robotics.

This fund is Paradigm's third venture capital fund since its establishment and will be officially announced on Wednesday, coinciding with a surge in AI financing while cryptocurrency investments are sluggish.

Source: Public Information