Crypto Venture Firm Paradigm Launches $1.2B Fund Focused on Robotics and AI

Paradigm, a venture firm rooted in blockchain investment, announced Fund III with $1.2 billion targeting drone delivery (Zipline) and space systems (True Anomaly). Managing partner Alana Palmedo framed the shift bluntly: there's simply too much else happening. The move reflects how crypto-native VCs are broadening mandates as digital-asset markets mature. Their engineering expertise built on blockchain systems appears transferable to physical-world AI and control problems.