The manufacturing startup SendCutSend has completed a $110 million financing round, led by Paradigm and others

According to The Wall Street Journal, manufacturing startup SendCutSend has completed a $110 million financing round, co-led by Sequoia Capital, cryptocurrency venture capital fund Paradigm, and Stripe co-founders Patrick Collison and John Collison, bringing its valuation to $1 billion.

It is reported that Paradigm was originally a top-tier crypto-native venture capital firm, managing approximately $12.7 billion in assets. However, since 2023, the firm has begun to adjust its strategic direction: it removed references to "crypto" and "Web3" from its official website, and co-founder Matt Huang publicly stated, "The development of AI is too interesting to ignore." Against this backdrop, investing in SendCutSend aligns with Paradigm's logic of expanding towards "AI + robotics + advanced manufacturing."