Who invested in Z.ai?
Z.ai's investors include Sequoia Capital, Qiming Venture Partners, HSG, Legend Capital and Fortune Venture Capital.
2026
$140MGrowth$5.0BRoundWho invested in Z.ai
2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Raised 1 month ago
Funding summaryUpdated 26 Oct 2026
$5.1Braised across 2 rounds since 2025, from 2 sources
$140MGrowth$5.0BRound
- Latest round
- Round, $5.0BSept 2026
- Step-upi
- 35.8×
- Investors
- 5
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Growth, $140M Jul 2025
- Biggest round
- $5.0B Round · Sept 2026
- Between rounds
- 14 months from the last two
The rounds
- Sept 2026
- Jul 2025Growth$140M5 new
Source recorded
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Quick answers about Z.ai
How much has Z.ai raised?
Z.ai has raised $5.1B across 2 rounds since 2025.
When did Z.ai last raise?
Z.ai's most recent round, $5.0B, was in Sept 2026.
What was Z.ai's biggest round?
Its most recent round, $5.0B in Sept 2026, is also its largest on record.
Who backed Z.ai first?
Z.ai's first round on record, in Jul 2025, was backed by Sequoia Capital, Qiming Venture Partners and HSG and 2 others.
What stage is Z.ai at?
Z.ai's latest named round is a Growth, in Jul 2025.
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