Paradigm, a venture firm founded to invest in cryptocurrency companies, raises a new $1.2 billion fund as it expands beyond digital assets. Multiple outlets report the vehicle is the firm’s fourth fund and will support investments in areas including artificial intelligence and robotics, along with continued support for crypto startups. Coverage describes the fund as targeting “technical frontier” companies, with the firm’s leadership framing the shift as a broadening of focus rather than a departure from its roots. Bloomberg and others say Paradigm remains committed to crypto investing while directing additional capital toward AI and robotics opportunities. TechCrunch and The Block characterize the new fund as expanding the firm’s investment remit beyond its cryptocurrency origins, while Decrypt and CoinDesk similarly highlight AI and robotics as central priorities for the latest fund. PYMNTS adds that managing partner Alana Palmedo comments that crypto was the first frontier for the firm but that other frontiers, including AI, are also highly compelling. Across reports, the key new development is the fund size and the stated expansion into AI and robotics alongside ongoing crypto investments.