Crypto venture capital firm Paradigm has raised its fourth fund, a $1.2 billion vehicle that will invest in crypto, AI, robotics, and other frontier technology startups and companies. The news comes after an earlier report in February that said Paradigm was raising up to $1.5 billion for a new fund under a broader investment strategy. The latest is Paradigm's fourth overall fund and third venture fund, a Paradigm spokesperson told The Block.