SendCutSend has completed a $110 million financing with a valuation of $1 billion

According to The Wall Street Journal, manufacturing startup SendCutSend has raised $110 million in funding, led by Sequoia Capital, cryptocurrency venture capital fund Paradigm, and Stripe co founders Patrick Collison and John Collison, with a valuation of $1 billion. Paradigm manages approximately $12.7 billion in assets and will adjust its strategic direction starting from 2023 by removing the terms "encryption" and "Web3" from its official website. Co founder Matt Huang stated that the development of AI cannot be ignored, and this investment is in line with its logic of expanding into the field of "AI+robotics+advanced manufacturing".