Paradigm has raised $1.2 billion for a new venture fund focused on artificial intelligence and robotics, according to a Wednesday report from Bloomberg.

The firm’s third venture fund reflects growing interest in AI and defense technology, though it does not signal an exit from digital assets.

“Crypto was the first frontier for us, and it continues to be a really exciting one, but there’s so much else happening right now that’s pretty hard to ignore,” managing partner Alana Palmedo told Bloomberg.

Paradigm has already deployed capital from the new fund into several companies, Bloomberg reported. Those include autonomous drone delivery company Zipline International, which was valued at $7.6 billion in January, and space defense startup True…