Paradigm Closes $1.2B Fund Targeting AI and Robotics on July 8

MORPHO4.60%
According to Bloomberg, Paradigm closed a $1.2 billion fund on July 8, 2026, marking the crypto-focused venture firm's third vehicle and a strategic pivot toward artificial intelligence and robotics investments. The fund has already been deployed into Zipline, a drone delivery company, and True Anomaly, a space defense startup, signaling the firm's expansion beyond traditional crypto infrastructure despite continued backing of blockchain projects including a $175 million round in Morpho.
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