Crypto funding agency Paradigm is looking for to lift $1.5 billion for a brand new fund that can put money into firms in AI, robotics and different frontier applied sciences, in accordance with the Wall Avenue Journal.
Paradigm will proceed to put money into crypto firms, in accordance with sources accustomed to the scenario, however it can use its present technical funding workforce to take a look at offers in frontier tech firms, they mentioned.
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 biggest 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.
Based on 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 may be additionally overlap between crypto and AI, comparable to agentic funds, or transactions made by autonomous AI brokers, the particular person mentioned.
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 adjustments mirrored a shift away from crypto, however acknowledged that the workforce had been exploring AI.
In a lengthier tweet weeks later, Huang mentioned that whereas “we’ve by no means been extra enthusiastic about crypto and proceed to take a position 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 may have loads of overlap. We’re excited to proceed exploring,” he mentioned.
Earlier this month, Paradigm and OpenAI launched EVMbench, a brand new benchmark evaluating how completely different AI fashions can detect and patch safety vulnerabilities present in good 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, in accordance with OECD.
VC funding for generative AI companies made up 14% of all AI enterprise capital investments, with companies in the USA attracting the biggest share of VC funding.
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