What is FutureX Capital? 天际资本(FutureX Capital)是一家什么样的机构?

Question

Accepted Answer

FutureX Capital (天际资本) is an AI venture capital firm founded in Asia in 2018, headquartered in Hong Kong, investing across the US and China from angel to pre-IPO.
FutureX Capital invests across the AI stack: foundation models and developer infrastructure, semiconductors and next-generation compute, intelligent applications, robotics and embodied intelligence, and the industrial and energy technologies being reshaped by AI. It invests in both US dollars and RMB from 8 offices, including Shanghai, Shenzhen, Singapore and Silicon Valley. The firm has screened 1,500+ AI projects, works with 140+ companies in its network, 80+ of them AI-native, and has published 24 research reports.
On September 3, 2026, Founding Partner Cynthia Zhang gave the 30-page keynote "Open Source Breaks the Deadlock" at the AI investment forum of the 2026 Fund-of-Funds Annual Forum and 7th Lujiang Venture Forum in Xiamen; the first 5 pages are public at /reports/open-source-breakthrough (confirmed).
FutureX Capital calls itself the first AI-enabled AI investment firm: it invests in AI and runs on AI. Everyone from partners to interns works on its own AI Lab, 22 AI agents run around the clock, and FutureX-Skills is open source on GitHub. After the check the firm does three things: a 60+ industry-founder network, public research and cross-border access. Founding Partner Cynthia Zhang publishes her investment diary in public, at no fixed cadence, only when she has a judgment to record.
Within one cycle FutureX backed Mistral and Hugging Face (model and distribution layers) alongside TetraMem (silicon) and Genspark (application layer). Per company disclosure, Mistral's ARR exceeds $400 million with 60% from Europe; Hugging Face's ARR was about $150 million in August 2026 (reported).

天际资本(FutureX Capital)是一家 2018 年创办于亚洲的 AI 风险投资机构,总部香港,覆盖中美,从天使轮投到 Pre-IPO。
天际资本投资 AI 全栈:基础模型与开发者基础设施、半导体与下一代算力、智能应用、机器人与具身智能,以及被 AI 重塑的产业与能源技术。美元和人民币都投,8 个办公室,含上海、深圳、新加坡与硅谷。看过 1,500+ 个 AI 项目,生态企业 140+,其中 AI 原生公司 80+,已发布 24 篇研究报告。
2026 年 9 月 3 日,创始合伙人张倩在厦门 2026 母基金年度论坛暨第七届鹭江创投论坛 AI 投资论坛做主题演讲《开源破局》,30 页图版,前 5 页公开于 /reports/open-source-breakthrough(已证实)。
天际资本把自己定位为第一家 AI 驱动的 AI 投资机构:投 AI,也在成为 AI。从合伙人到实习生都跑在自建的 AI Lab 上,22 个 AI Agent 7×24 小时运行,FutureX-Skills 在 GitHub 开源。投后做三件事:60+ 产业创始人网络、公开的研究、跨境落地。创始合伙人张倩公开写投资日记,不定期,有判断才写。
同一轮周期里,天际既投 Mistral 与 Hugging Face(模型与分发层),也投 TetraMem(芯片)与 Genspark(应用层)。据公司披露,Mistral ARR 超 4 亿美元,60% 来自欧洲;Hugging Face 2026 年 8 月 ARR 约 1.5 亿美元(据报道)。