Report: Paradigm Raises $1.2 Billion as AI Funding Outpaces Crypto Deals in 2026

Paradigm has closed a $1.2 billion fund built to chase artificial intelligence and robotics deals outside its crypto roots. 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 […]