BlockBeats News, May 20th, according to The Wall Street Journal, manufacturing startup SendCutSend has completed a $110 million financing round. The round was led by Sequoia Capital, cryptocurrency venture capital fund Paradigm, and Stripe co-founders Patrick Collison and John Collison, bringing its valuation to $1 billion.

Paradigm, originally a top crypto-native investment firm managing around $12.7 billion in assets, has shifted its strategy since 2023. The firm has removed references to "crypto" and "Web3" from its website, and co-founder Matt Huang has publicly stated, "The development of AI is too interesting to ignore." Against this backdrop, investing in SendCutSend aligns with Paradigm's expansion towards "AI + robotics + advanced manufacturing."