Overview
On 9 July 2026, Paradigm, the venture‑capital firm originally founded to back cryptocurrency companies, disclosed that it has closed a $1.2 billion fourth fund. The fund is intended to broaden the firm’s investment mandate beyond crypto into artificial intelligence, robotics, autonomous systems, manufacturing, and space‑defence technologies.
Investment Scope
The firm said it will support founders at multiple stages across the newly targeted sectors, while still maintaining exposure to crypto‑related opportunities. Specific crypto‑focused investments that will continue to receive funding include Hyperliquid, the ecosystem builder Trade[XYZ], the stable‑coin and blockchain project Tempo (co‑founded with Stripe), and the prediction‑markets exchange Kalshi.
Portfolio Highlights
Paradigm’s existing portfolio, cited in the announcement, comprises:
- Zipline, which provides autonomous drone delivery services;
- SendCutSend, a rapid‑manufacturing platform;
- True Anomaly, developing orbital space‑defence capabilities;
- Nous Research, creator of the AI‑agent technology Hermes Agent.
In addition, the firm develops blockchain and AI infrastructure tools such as Foundry, Reth, and Centaur.
Technology & Security Collaboration
The firm highlighted ongoing research and development of security tools, specifically mentioning EVMbench, a benchmarking suite built in collaboration with OpenAI.
Announcement Details
Partners Matt Huang and Alana Palmedo announced the fund in a blog post published on Wednesday. The article notes that the content was generated with AI assistance and subsequently reviewed by an editor.