Paradigm's $1.2B AI fund signals a broader retreat from crypto VC, with Q1 2026 fundraising hitting its lowest quarterly count since Q3 2020.

Paradigm is raising up to $1.5 billion for a new fund targeting AI and robotics, marking a major expansion beyond its crypto-native roots.

The firm's latest fund backs AI and robotics startups but leadership says it remains committed to crypto investing.