Paradigm Pivots Beyond Crypto Into Robotics and AI With $1.2 Billion Fund

The crypto-focused venture firm announced Fund III on 8 July with $1.2 billion in capital, deploying funds into drone delivery (Zipline) and space systems (True Anomaly) alongside continued cryptocurrency investment. Managing partner Alana Palmedo cited the rationale simply: "there's so much else happening right now that's pretty hard to ignore." The shift reflects how crypto-native VCs are diversifying mandates as digital-asset markets mature. Paradigm's engineering bench—built on blockchain tooling—signals systems-engineering expertise can transfer to physical-world AI and control systems.