Paradigm expands investment mandate into AI and robotics, seeks to raise fund of up to $1.5 billion
Summary
- Paradigm is said to be expanding its investment scope into advanced technology areas such as artificial intelligence (AI) and robotics.
- Paradigm is raising a new fund of up to $1.5 billion and is expected to invest the capital in AI, robotics and next-generation technologies.
- The strategy shift is interpreted as a response to increased volatility in the virtual-asset market and changing investment trends in the technology industry.
Forecast Trend Report by Period
\Paradigm, a venture capital (VC) firm specializing in virtual assets (cryptocurrencies), is reported to be expanding its investment scope into advanced technology fields such as artificial intelligence (AI) and robotics. The move broadens its footprint from a crypto-centric strategy to the wider realm of “frontier tech.”
According to The Wall Street Journal (WSJ) on the 27th (local time), Paradigm is raising a new fund of up to $1.5 billion, with the capital expected to be deployed into AI, robotics and other next-generation technology sectors. Multiple sources said the fund goes beyond the firm’s existing cryptocurrency-focused approach to encompass a broader set of technology innovation areas.
Paradigm has been a leading crypto VC, known for concentrated investments in blockchain and Web3 projects. The strategic expansion is seen as a response to heightened volatility in the virtual-asset market and shifting investment trends across the technology industry.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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