Paradigm has closed a $1.2 billion fund built to chase artificial intelligence and robotics deals outside its crypto roots.
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.That February timing lines up with an earlier Wall Street Journal report that Paradigm was seeking up to $1.5 billion for a fund built around frontier technology. The $1.2 billion close lands close to that target.
New Fund Already Backs Two CompaniesThe Block reported that Paradigm has already deployed capital from the new vehicle into Zipline, a drone delivery company, through a Series H round in March 2026. The firm also joined a Series D round for True Anomaly, a space defense startup, in April 2026.
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