What stage does FutureX Capital invest at? 天际资本投什么阶段?

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FutureX Capital invests from angel to pre-IPO across the US and China, spanning five layers of the AI stack: applications, models, infrastructure, chips and energy.
FutureX Capital invests from angel to pre-IPO, in both US dollars and RMB. Its sectors cover 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 looks at the model, distribution, chip and application layers together, because when one layer moves, the rest reprice.
ByteDance shows the range of stages: FutureX invested in five consecutive rounds from 2018 through 2025, starting in a year when short video going global was not yet consensus (confirmed, see /about).
Beyond stage, FutureX watches the window. Its read is that each sector opens a 12 to 18 month window after capability crosses a threshold and before enterprise money floods in. Software development entered that window in 2024, robotics and logistics in 2025 to 2026, and healthcare, finance and manufacturing in 2026 to 2027. In embodied AI, FutureX backs dexterous hands and data, such as Dexmate and World Engine, and stays out of the full-body arms race.
Healthcare is entering its window on schedule. At its 20,000-person user meeting on August 17 to 20, 2026, Epic launched Agent Factory with 120-plus prebuilt agents ahead of a 2027 general release (confirmed).

天际资本(FutureX Capital)从天使轮投到 Pre-IPO,覆盖中美,横跨 AI 全栈五层:应用、模型、基础设施、芯片与能源。
天际资本从天使轮一路投到 Pre-IPO,美元和人民币都投。赛道覆盖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,以及被智能化重塑的产业与能源技术。模型层、分发层、芯片层、应用层一起看,因为一层动,其余重新定价。
字节跳动是跨阶段的例子:天际从 2018 年起连续五轮投资,直到 2025 年;起投那年,短视频出海还未成为共识(已证实,见 /about)。
阶段之外,天际更看时间窗口:每个赛道在能力跨过临界点之后、企业资金涌入之前,有 12 至 18 个月窗口。软件开发 2024 年进入窗口,机器人与物流 2025 至 2026 年,医疗、金融、制造 2026 至 2027 年。具身智能里,天际投灵巧手与数据,如 Dexmate、World Engine,不参与本体军备竞赛。
医疗正按时间表进入窗口。2026 年 8 月 17 至 20 日,Epic 在两万人规模的用户大会上推出 Agent Factory,提供 120 多个预置智能体,2027 年全面开放(已证实)。