Sequoia Capital
红杉美国
Sequoia Capital is a global venture capital firm whose recent deal flow, per elsewhere's corpus, clusters heavily on AI infrastructure and applications. In 2024-2026 alone it has been recorded leading or co-leading rounds in Fireworks AI ($52 million B round at a $552 million valuation) , Captions ($60 million round) , and Evoken ($130 million round alongside CMC and Ant) , while also investing in Decart (alongside Nvidia and Andrej Karpathy) , Moonshot AI's Kimi , and robotics brain startup Pi . The firm has additionally made growth-stage moves such as purchasing shares in Stripe and backing electric-motorcycle maker OMOWAY . Roelof Botha serves as managing partner , and the firm's China operation has historically included figures such as Yi Cao, who joined in 2009 and became its youngest vice president before departing to found Source Code Capital in 2014 , and Xi Cao, an early backer of 3D-AI company Meshy . In the China market, Sequoia is described as a formidable competitor that newer funds like Jinqiu Fund measure themselves against .
AI-generated — may contain errors, please verify.
Coverage
In the AI Office Battle, Who Will Become Workers' Sidekick in Close Combat?
In the battle for AI-powered workplace scenarios, tech giants are locked in hand-to-hand combat.
22-Year-Old Embodied AI CEO, 5 Funding Rounds, Over $100 Million: "Don't Know How High the Sky Is," "Ate Ten Years of Bitterness in One Year" | Interview with RoboParty's Huang Yi
AI apps scamming money, oh wait, fundraising guide
Strategically, learn from Macaron; tactically, learn from LibTV.
What model is the world?
"Big Club's Game"
7 Judgments to Rethink AI Infrastructure
Cheaper and Cheaper Tokens, More and More Expensive Races
Meshy Closes Nearly $400 Million Funding Round, Expanding From AI 3D to AI for Fun
A system capable of producing content sustainably
After Raising 2.98 Billion, PixVerse Is Betting on a Bigger Story
In the past, video was an endpoint; in the future, it will be an entry point.
Palantir CEO Slams OpenAI and Anthropic
Five Key Observations from Mid-Year.
ZhenFund angel project "OMOWAY" closes two consecutive funding rounds, becomes Indonesia's top electric motorcycle brand by orders in its first month on the market
Shared mobility is entering the intelligent 3.0 era.
Liblib, what's your dream?
Here's to hoping we can keep winning.
The Best Way for Humans and AI Agents to Work Together Hasn't Been Invented Yet | A Conversation with Paperboy
One look, and the Agent gets it.
The Unforgettable Series C Funding of Moonshot AI
A stroke of genius.
A 20-Minute Talk by a NVIDIA Scientist: The Endgame for Robots, a 2040 Prophecy
From VLA to WAM, NVIDIA Is Rewriting Embodied Artificial Intelligence Using the LLM Playbook
Congratulations to METiS Pharmaceuticals on its Hong Kong Stock Exchange IPO — FreeS Fund invested in four consecutive early rounds.
From Whiteboard Equations to the "SpaceX" of Pharma
The First-Order Problem for Agents: Proactivity and the Economics of Context
Human attention has never been more scarce.
The World Belongs to Cute: 7 Unserious Projects and 3 Global Premieres | AI Night Hunt Takes Over Shanghai
That Night, AI Sprouted a Furry Tail: Apple's Rabbit, the Travel King of the Wild, and the Ambition to Kill Disney
A VC firm from the crypto world says AI is too crazy, and they're staying conservative.
Bursting the colorful bubble.
When AI Makes Individuals More Productive, Why Don't Companies Get Stronger? | Booming Talk
The key to AI Native isn't upgrading your tools — it's rewriting your organization.
Be a human, don't be an AI.
Don't Let AI Define You
After Closing a Sequoia Angel Round, the Browser Isn't the Best Container for the AI Era | A Conversation with Tan Shaoqing of FloatBoat
Another one, out to dethrone Microsoft.
First Hands-On With Floatboat: The One-Person Company Workflow May Be About to Change
All for One, One for All — the flow of information.
2026: A Letter to AI Founders — on Generosity, Cruelty, and Fog
Is AI entrepreneurship entering its "worst" era?
Hello, the Great Age of AI Entrepreneurship — Pony Ma, Yiming Zhang, and the Day 0 Moment of 21 People
The era rewards those who bravely take half a step forward through the fog of Day 0.
From Pi0.5 to LingBot-VLA: A Path to Embodied Intelligence Is Taking Shape
A VLA foundation model trained on 20,000 hours of real robot data, covering nine dual-arm configurations.
vLLM Team Launches Inferact and Closes $150 Million Seed Round, with ZhenFund Leading First Round
Building a world-class AI inference engine to accelerate the progress of the AI industry.
Meet the Most Active CVCs of 2025
Now I know who to farm for gold coins 👋😭👋
MiniMax Goes Public: The $1.5 Billion Fundraising Blitz, 15 Reasons Investors Bet on It, and How Long Each One Lasts
One Year in AI, Five Years on Earth
Where Did the Money Go? Who's Still Writing Checks? A 2025 VC Debrief With Jing Liu
VC takes a certain amount of instinct.
Where Did the Money Go? Who's Still Writing Checks? A 2025 VC Debrief with Jing Liu New Consensus and Undercurrents Among China's VCs
AI Companion Sales Leader: 120,000 Units in Six Months — Fuzozo Founder on 10 Key Decisions | A Conversation with Robint Intelligent Technology's Sun Zhaozhi
In the AI companionship space, there are only two cards that truly constitute core competitive moats.
Zhu Haoyu, After Hosting China's Largest Hackathon | elselier
He wants to turn the Agent into an iMessage account.
In Markets That Are "Slow, Expensive, and Fragmented," AI's Opportunity Is the Sexiest | A Conversation with Mizzen AI's Keqiang Sun and Yihao Li
"I hope to leave behind a work that the world will remember."
Investing in 50 AI Companies a Year; What Was I Thinking When None of Us Knew the Answers? | A Conversation with Jie Yang: Founding Partner of Jinqiu Fund
The moment the wind picked up.
Investing in 50 AI Companies in One Year; What Was I Thinking When None of Us Knew the Answers? | A Conversation with Jie Yang, Founding Partner of Jinqiu Fund
ZhenFund Partner Yuan Liu: One Week with Manus, Ten Years with Red
A mental landscape few investors would ever admit to out loud.
The Most Moving AI Investment Story of 2025
A Week with Manus, a Decade with Xiao Hong.
From Witnessing Douyin's Growth from 30 Million to 600 Million Users, He Decided to Use AI to Reimagine "Finding People" | A Conversation with Beichuan Yu, Founder of Lessie AI, on the New Gateway to Social
For the first time, AI can map the dynamics between people. It will tell you who you most need to meet right now.
The 18 AI Voice Agent Startups to Watch in 2025
"People are seriously underestimating the potential of voice as an AI interaction interface."
Peter Thiel is China's delusional dream chaser.
Now is the best time for US tech giants to wave the white flag to China 🏳️
Another VC Rebrands with a New Name
The twentieth year of local iteration.
Jensen Huang: AI Will Become a Multimodal, Multi-Embodied General-Purpose System | Vital Views
Counselor Vitality
The AI Investment Mid-Game: Talent Wars, Faith Divides, and Super Opportunities
I notice you've entered a period/full stop (。) with no Chinese text to translate. Please provide the Chinese content you'd like me to translate, and I'll be happy to help.
2025 Silicon Valley AI Mid-Year Review: Serial Acquisitions, Big Tech Talent Wars, and Who Will Break Out | A Conversation with Fusion Fund Founding Partner Lu Zhang
Money is cheap; time is what actually matters.
Head AI reminds me of Miraculous Department Store.
"Swallows return to familiar haunts" — or more fully, "Swallows return, as if from times gone by." This is a line from the Song dynasty poet Yan Shu's *Washing Creek Sand* (*浣溪沙*), expressing a bittersweet sense of recognition and the cyclical return of things past, tinged with the melancholy that what returns is never quite the same.
AgiBot "Leaps Onto" STAR Market, World's First Livestream of General-Purpose Embodied Robot Performing Routine Industrial Operations Coming Soon | BlueRun Ventures Family Headlines
Staying the course on independent innovation and building ecosystems together.
Kimi Researcher Team on Itself: Agents Aren't Frankenstein's Monsters, They're the Model Itself | BlueRun Ventures Family Headlines
When Agents Become Everyday Foundation Models
Half of 2025 is gone — 9 AI Aha Moments
Great products are often born at the "Crossing" of technology and the humanities.
5Y Capital's Kai Liu: The Hype Is Just Surface Noise — AI Entrepreneurship Is Only Just Beginning | 5Y View
The real paradigm shift and structural opportunities are only just beginning to emerge.
ZhenFund angel project "OMOWAY" announces completion of tens of millions of dollars in funding, launches first electric motorcycle with intelligent driving features | Z News
XPeng co-founder He Tao launches OMOWAY, driving motorcycles into the 3.0 era.
Starting with Five Investments in Manus Founder Red Xiao: A Conversation with ZhenFund Partner Yuan Liu on How Reading People Evolves
Conversation with YouWare's Ming Chaoping: They're Skeptical That AI Coding Is a New Form of Creation — and I'm Thrilled | Z Talk
The promising AI product founder chose a path few others dared to take.
Deep-Dive into Lark's New AI Features: Possibly the Most "Genuinely Useful" AI Implementation of 2025
After several months of beta testing, Lark finally released it to the public.
MaHui Member Whale Announces Completion of C1 and C2 Funding Rounds
Q1 AI Startup Funding Map: $43 Billion, Where Did 80% Go? | Yunqi Tech π
As of 2025, the AI funding boom shows no signs of cooling down.
Floodgate founding partner Mike Maples' year-opening podcast: How to invest in the next 100x startup
Every great startup exists to build a future that is destined to arrive.
UiPath Founder Interview: Agents vs. RPA | Bolt Recs
"Building an agent isn't hard. The hard part is making it run reliably thousands of times over, and function properly as part of an enterprise workflow."
The Iron Curtain of Venture Capital Finally Falls
The era of "wanting it both ways" is over.
To AI Founders: In 2025, Go to These VCs for Funding | Debriefing a Year in Primary Markets with Jing Liu of "Waves"
"2024: Who's Still Actively Investing in AI?"
To AI Founders: In 2025, Go to These VCs for Funding | A Year-in-Review of the Primary Market with "An Yong" and Jing Liu
Looking Ahead to 2025: What Innovation Opportunities Await the AI Industry? | FreeS Fund Report
Our Thinking on AI Technology Progress and Industrialization
Behind the Election, a Showdown Between 200 American Investors
Undercurrents are stirring.
A Chinese-American Company's Mexican Gold Rush | Dark Tide Goes Global
A new specimen rising on a complex new continent.
From High-Quality Growth vs. Hypergrowth: Thoughts on Marketing, Fundraising, and Hiring | Bolt Recs
"Growth comes from people discovering that our product is better than everything else on the market."
We invested in large language models, AI applications, and embodied intelligence, but BlueRun Ventures still feels it hasn't FOMO'd hard enough.
The more optimistic doers.
The AI Engineer's Guide: Who Am I, Where Did I Come From, Where Am I Going? | A Conversation with SiliconFlow Founder Jinhui Yuan and Indie Developer idoubi
Ambition, curiosity, and the freedom to roam.
AI Staying the Scalpel: Would You Let a Robot Operate on You?
The Scalpel Has Been Handed to AI: Are You Ready?
"Laplace" Developer Chunxiang Zhao: Create Like You're Writing a Novel — Create as in Creation, Not as in Startups
Face what you don't understand until you understand it.
"Many people don't realize it, but today is a historic day for AI..."
Years later, looking back.
OpenAI Releases GPT-4o mini: Faster and Cheaper
Speed is justice.
Yonghao Luo's Next Act: AI Is Here, Time to Swing Big
Go for it.
52-Year-Old Man Marries His 24-Year-Old AI Girlfriend
Love is love. Love is love.
MaKe | MaHui Member YuYan Partners with Ipsen to Jointly Develop New Cancer Drug
MaHui member YuYan has partnered with Ipsen to jointly develop a new anti-cancer drug.
For the First Time Ever: AI Beauty Pageant Crowns a Winner Who Beat Out 1,500+ Contestants
Is this what straight guys think looks good?
The times have changed: VCs used to fight over talent, now VCs fight over…?
The World Hasn't Changed: In the End, It's Still a Scramble
Wow — Shanghai's got self-driving taxis now. Want to book one? Dare to?
Of course the leaders get to board first!
Beijing says it wants to become an AI-native city. Shanghai responds with a confused "what?"
Is the sewer system of an AI-native city AI-generated?
Matrix Partners China has long been a Chinese brand.
It was independent from the very beginning — there was never any "spin-off."
Every Great Discovery Begins with a Curious Mind | Crossing "AI Research Fellow" Recruitment Now Open
"What is an 'AI Research Fellow'?"
Sameness and Difference: Future World Lines of Embodied Intelligence (Part 1)
Counselor Vitality
The Power of Faith-Based Spending: A Chat with LimX Dynamics on GTC and Humanoid Robot Progress | Oasis Vitality
Advisor on Vitality or Counselor for Life Force or Consultant on Life Vitality (Without additional context, this brief phrase could refer to a role or title in various contexts — traditional Chinese medicine, wellness, organizational consulting, or even a literary/metaphorical usage. The most natural English rendering depends on the specific domain.)
Standing at the AI Crossing, the Future Comes Roaring In | 16 Observations and Reflections from My Q1
The green mountains endure, the clear waters flow on — change never misses its cue.
MaHui Member PowerLaw AI Closes Nearly 80 Million Yuan Pre-B Round, Existing Investor Source Code Capital Continues to Increase Stake
Fulfilling the mission of using technology to make legal services better and more accessible.
Linear Capital early-stage portfolio company **MeFlow** has raised nearly RMB 80 million in a Pre-B funding round, with existing investor Linear Capital continuing to participate.
Continued Leadership in Legal LLM Application and Deployment
November: Stay Curious and Imaginative | 5Y News Monthly
The big news from last month.
5Y News | GravityXR Closes Hundreds of Millions of RMB in Series A Funding to Advance Dedicated Chip for "XR Spatial Computing"
Create a brand-new world that blends the virtual and the real.
GravityXR Closes Hundreds of Millions of RMB in Series A Funding to Advance Dedicated Chip for "XR Spatial Computing"
Using chips as the platform to lead the way in delivering ultimate XR experiences.
This time it's GGV. Who's next?
"This is in the best interest of investors, employees, and founders."
Luchen Tech's Yang You: AI Foundation Models Have No Intellectual Property — Only Open Source Can Go the Distance | BlueRun Ventures Headlines
A healthy AI ecosystem should have three or four thousand companies contributing to it.
Why Won't Chinese Database Companies Simply "Copy" the Snowflake Model? | Yunqi Capital Science Chat
Respect the market, seek common ground while reserving differences.
When a Male Celebrity Decides to Become a VC | Is Silicon Valley Burning?
"Life can be far broader than you imagine."
Silicon Valley Bank, a fixture in venture capital for four decades, couldn't survive 40 hours of market panic.
China's venture capital world had a night of shock and panic.
Wire | Yunnan Rubik's Cube Releases Intelligent Document Recognition Platform, Accelerating Logistics Document Automation
Recognition accuracy exceeding 95%, zero-code self-service AI model customization, and seamless integration with internal and external enterprise systems to automate business workflows.
A Green Paper for VC Practitioners in an Era of Upheaval | 5Y View
Finding, discovering, and backing true innovators is what 5Y Capital has focused on for years, and it's also the standard we hold ourselves to as we continue to evolve.
Robotics, SaaS, and innovative drug sectors close new funding rounds; chips and medical devices unveil major new products | Rongbao · August
Differentiated innovation and global opportunities.
XR chip developer GravityXR has raised tens of millions of RMB across angel and Pre-A rounds within six months
Focused on tackling XR-dedicated smart chips.
Harry Wang on Linear Capital: Lessons from Transitioning from Tech to Investing
A while back, Harry Wang, founder and CEO of Linear Capital, was invited to an online sharing event co-hosted by the Harvard Venture Capital Club and MIT Chinese Entrepreneurs Organization (MIT CEO). At the event, Harry shared his journey from engineer to investor,
MaHui Founder | Post-90s Entrepreneur Zhang Junbin: Building Transformative Products, Pursuing Zero-to-One Value
July: Seeking Vast Possibilities | 5Y News Monthly
The big news from last month.
5Y News | HAI Robotics Announces Completion of Over $100 Million D+ Funding Round
Let logistics robots serve every warehouse and factory.
Code Moment | Metaverse UGC Platform "BUD" Closes $36.8 Million Series B Round, Existing Shareholder Source Code Capital Follows On
A New Generation of 3D UGC Social Platforms
Standing Firm in European Venture Capital Amid the Sound of Gunfire
This is more than a gold rush — it's a shift in the underlying logic of the global venture capital story.
October is full of hope and fervor | 5Y News Monthly
The major events from last month.
5Y News｜Horizon Robotics Plans to Raise Over $700 Million in Series C, Completes C1 Tranche
Horizon Robotics announced the completion of its Series C1 funding round, with continued backing from 5Y Capital.
5Y News | Snowball Announces Completion of $120 Million Series E Funding Round
Congratulations to Xueqiu!
Where Are the Boundaries of Industrial Internet? | Source Code Capital 2019
"Knowledge Capital, Deep Practice" — at Source Code Capital's 2019 Ma Hui annual conference, the founders and CEOs of Xiaoyaoyao, Yijiupi, ZNLH, and YQN Logistics were invited to explore the boundaries and breakthroughs of industrial internet.
Alumni Interview: Yi Cao — Computer Science Inspires My Decision-Making
The idea that the combination of data, algorithms, and computing power produces optimal decisions is a business approach directly inspired by computer science.
Moka Closes Tens of Millions in Series A+ Funding to Become the Talent Weapon Behind Successful Companies | FreeS Fund Deal News
Overseas, the company with a similar business to Moka is Silicon Valley near-unicorn Greenhouse.
6 Companies Close Funding Rounds, 2 Make Latest Global Unicorn List | Source Code Capital Monthly · January
【Ma Hui Journal】A place to record the small steps forward, share the joy of growth, and look toward an even brighter future.
Asset360 Closes New Funding Round; Existing Investor Source Code Capital Continues to Increase Stake
End-to-end, one-stop services covering the full lending lifecycle — from pre-loan origination and mid-loan management through post-loan collection and resolution.
The Pitfalls of Tech Prophecy | Source Code Capital Insights
From a once-famous victory to once-heavy skepticism, mapped against Gartner's Hype Cycle — Source Code Capital's analysis and research are presented in the seventh issue of [*Source Code Capital Internal Reference*].
A Profile of "Reliable" AI Startups | Source Code Capital Insider
Unearthing the lesser-known concerns behind the AI industry frenzy — an exclusive look at the second edition of the *Source Code Capital Internal Reference*.
Jingbo Wang: In Finance, Operations Are What Make Licenses Valuable | 2017 Source Code Capital
On April 22, Jingbo Wang, Chairwoman and CEO of Noah Holdings, spoke at Source Code Capital's 2017 Ma Hui gathering, sharing with attendees across cohorts how to navigate the "three-year breakthrough period" in entrepreneurship.
With AI, Yongqianbao Hit One Million Monthly Transactions
A monthly transaction volume of 1 million means roughly over 30,000 transactions per day — a new loan is originated on the Yongqianbao platform every three seconds. And many of the people initiating these loans have no credit cards and no access to traditional financial services...
Source Code Capital Launches 2017 Campus Recruitment
On November 3, we'll be waiting for you at Tsinghua University's PBC School of Finance.
Yi Cao: "Internet Plus" Has Run Its Course — The Next Waves Are "Intelligence Plus" and "Global Plus"
The "Internet Plus" initiative is entering its final handover phase.
Yi Cao Named to ChinaVenture-FT China Top 100 Investors of the Year 2016
On August 15, 2016, ChinaVenture held its "2016 China Investment Annual Conference" in Shenzhen, where it also released the "ChinaVenture 2016 Best Chinese Investors" list.
Source Code Capital Named to 2015 China Best Foreign Venture Capital Firms Top 50
From April 11 to 13, 2016, ChinaVenture hosted the "2016 China Investment Annual Conference" in Shanghai, where Source Code Capital was named to the "2015 Top 50 Best Foreign VC Firms in China."
Source Code Capital Wins Three Annual Awards from Top Venture Capital Institutions in 2015
Source Code Capital was named to Zero2IPO's "Top 50 Best VC Firms in China 2015" and "Top 10 Best Fintech Investors in China 2015." It also received ChinaVenture's "Top 10 Best Mobile Internet VC Investors of the Year in China."
