Svmuu News: Paradigm, a venture capital firm focused on the crypto sector, has raised approximately $1.2 billion and plans to expand its investment portfolio in artificial intelligence (AI)-related projects.
According to sources familiar with the matter, this funding round will focus on AI infrastructure, AI agents, and the convergence of AI and blockchain technology.Paradigm hopes to use the new fund to capitalize on the next wave of technological innovation and expand its investment footprint in emerging technology sectors.
Founded in 2018 by Matt Huang and Fred Ehrsam, Paradigm is one of the industry’s leading crypto venture capital firms and has invested in numerous blockchain projects, including Coinbase and Uniswap.
This fundraising round indicates that, following the previous market correction, crypto capital is refocusing on the intersection of AI and blockchain. With the rapid development of areas such as AI agents, decentralized computing, and on-chain data infrastructure, an increasing number of crypto investment firms are beginning to view AI as a key growth opportunity for the next phase. (Bloomberg)