Report: Paradigm Raises $1.2 Billion as AI Funding Outpaces Crypto Deals in 2026
The post Report: Paradigm Raises $1.2 Billion as AI Funding Outpaces Crypto Deals in 2026 appeared on BitcoinEthereumNews.com. Key Takeaways Paradigm closed a $1.2 billion fund on Wednesday targeting AI and robotics. Bloomberg’s Rebecca Torrence reported the fund marks Paradigm’s third venture vehicle. Paradigm already backed Zipline and True Anomaly through the new frontier fund. Bloomberg’s Rebecca Torrence reported the news on July 8, 2026, describing the vehicle as the venture firm’s third fund. Matt Huang and Fred Ehrsam founded Paradigm in 2018. Huang previously worked as a partner at Sequoia Capital. Ehrsam co-founded Coinbase. Together they built one of the more technically involved firms in crypto investing, often working directly with founders on protocol design alongside writing checks. The new fund lands at a moment when capital is moving in two different directions. AI startups have pulled in the bulk of global venture dollars over the past year. Crypto deal counts have dr