Paradigm expands beyond crypto with $110M SendCutSend investment

Paradigm has co-led a $110 million funding round in on-demand manufacturing company SendCutSend, deepening the crypto-focused investment firm’s expansion into industrial infrastructure and automated production services.

According to comments published by SendCutSend founder and CEO Jim Belosic, the company secured the funding at a valuation above $1 billion after years of operating profitably without outside venture backing. 

Belosic said rising customer demand and mounting production pressure pushed the company to seek fresh capital to expand faster rather than slow orders through higher prices or longer delivery times.

Matt Huang, Paradigm’s co-founder and managing partner, confirmed that the firm is co-leading the round alongside several other investors. Huang also thanked Belosic publicly for allowing Paradigm to participate in the investment.

SendCutSend provides rapid-turnaround manufacturing services used across robotics, defense, aerospace, and automotive industries. The company specializes in software-driven fabrication and automated material cutting, offering custom manufacturing with turnaround times as short as 24 hours.

Inside SendCutSend’s expansion plans

While discussing the funding decision, Belosic said SendCutSend had been running more than 35,000 overtime hours over the past year as demand consistently exceeded capacity. He added that the company has been growing at roughly 100% year-over-year and that existing financing options were no longer sufficient for the scale of expansion being considered.

Looking ahead, SendCutSend plans to invest more than $1 billion into U.S. manufacturing jobs and domestically produced materials over the next five years, according to Belosic’s statement. The company also expects to spend over $250 million expanding current facilities and opening new production sites across the country.

Belosic said the funding will allow the company to add more factories, expand services, increase production capacity, and lower prices while maintaining short lead times. He also stressed that he would remain in control of the company and continue directing long-term strategy after the raise.

Among the investors named by Belosic were Paradigm’s Matt Huang, Sequoia partner Andrew Reed, and Stripe co-founders Patrick and John Collison. Belosic said he had avoided venture capital for years because he believed many investors misunderstood the realities of manufacturing businesses and expected software-style growth returns.

Paradigm continues moving beyond crypto investing

Although Paradigm remains one of the crypto sector’s largest venture firms, recent activity has shown the company steadily moving into adjacent infrastructure, payments, and industrial technology sectors.

Earlier this year, Paradigm partnered with Stripe on the launch of Tempo, a payments-focused blockchain network built for high-speed stablecoin settlement and machine-to-machine transactions. The project introduced the Machine Payment Protocol, an open standard designed for autonomous AI and software-driven payments across global financial systems.

In February, OpenAI and Paradigm also launched EVMbench, a testing framework designed to evaluate how artificial intelligence systems identify and patch vulnerabilities in Ethereum smart contracts. OpenAI said the benchmark was created to measure how AI agents perform in financial-security environments tied to blockchain infrastructure.

At the same time, Paradigm has remained active inside crypto-native markets. In April, reports indicated the firm was developing a professional prediction market trading terminal alongside research into prediction market indexes and internal liquidity operations tied to regulated event-trading platforms such as Kalshi.

Meanwhile, Paradigm Bitcoin general partner Dan Robinson recently introduced a proposal known as Provable Address-Control Timestamps, or PACTs, which could help dormant Bitcoin holders privately prove wallet ownership ahead of potential quantum-computing risks. The proposal was presented as part of the growing debate around how Bitcoin should handle quantum-resistant migration strategies.