[Manufacturing Startup SendCutSend Completes $110 Million Financing, Led by Paradigm and Others] BlockBeats News, May 20: 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 crypto-native venture capital firm managing approximately $12.7 billion in assets. However, since 2023, the firm has begun adjusting its strategic direction: removing references to "crypto" and "Web3" from its official website. Co-founder Matt Huang publicly stated that "the development of AI is too fascinating to ignore." Against this backdrop, investing in SendCutSend aligns with Paradigm's logic of expanding into the "AI + robotics + advanced manufacturing" space. [Original Link]