# HSG's Investments in United States: 42 Startups by Sector (2026) > The 42 startups in the United States that HSG has backed, by sector: Biotech, AI and Web3 & Crypto and more. $8.6B raised. Updated nightly. Source: https://millionrounds.com/portfolio-maps/hsg-investments-united-states (Millionrounds; every figure on the page links to its filing or article) ## Biotech 18 - [*G* Grail](https://millionrounds.com/company/grail) - [Structure Therapeutics](https://millionrounds.com/company/structure-therapeutics) - [Moderna](https://millionrounds.com/company/moderna) - [ArriVent](https://millionrounds.com/company/arrivent) - [Frontera Therapeutics](https://millionrounds.com/company/frontera-therapeutics) - [ProfoundBio](https://millionrounds.com/company/profoundbio) - [OnCusp Therapeutics](https://millionrounds.com/company/oncusp-therapeutics) - [QuantX Biosciences](https://millionrounds.com/company/quantx-biosciences) - [Normunity](https://millionrounds.com/company/normunity) - [Spiro Medical](https://millionrounds.com/company/spiro-medical) - [Cullgen](https://millionrounds.com/company/cullgen) - [NuProbe](https://millionrounds.com/company/nuprobe) - [Spear Bio](https://millionrounds.com/company/spear-bio) - [Simcha Therapeutics](https://millionrounds.com/company/simcha-therapeutics) - [Refuge Biotechnologies](https://millionrounds.com/company/refuge-biotechnologies) - [Generation Lab](https://millionrounds.com/company/generation-lab) - [RootPath](https://millionrounds.com/company/rootpath) - [Cero Therapeutics](https://millionrounds.com/company/cero-therapeutics) ## AI 13 - [Pony.ai](https://millionrounds.com/company/pony-ai) - [Genspark](https://millionrounds.com/company/genspark) - [Simple](https://millionrounds.com/company/simple) - [GenesisAI](https://millionrounds.com/company/genesis-ai) - [MainFunc (GenSpark)](https://millionrounds.com/company/mainfunc-genspark) - [DataVisor](https://millionrounds.com/company/datavisor) - [MarqVision](https://millionrounds.com/company/marqvision) - [*D* DeepVision](https://millionrounds.com/company/deepvision) - [Dify](https://millionrounds.com/company/dify) - [Donut Labs](https://millionrounds.com/company/donut-labs) - [*O* OpenMind](https://millionrounds.com/company/openmind) - [Creao AI](https://millionrounds.com/company/creao-ai) - [Graviti](https://millionrounds.com/company/graviti) ## Web3 & Crypto 6 - [Kraken](https://millionrounds.com/company/kraken) - [Vibe](https://millionrounds.com/company/vibe) - [Ping](https://millionrounds.com/company/ping) - [zkPass](https://millionrounds.com/company/zkpass) - [Slope Finance](https://millionrounds.com/company/slope-finance) - [*GC* Guanguan Coin](https://millionrounds.com/company/guanguan-coin) ## Healthtech 3 - [Eight Sleep](https://millionrounds.com/company/eight-sleep) - [Noah Medical](https://millionrounds.com/company/noah-medical) - [BDG](https://millionrounds.com/company/bdg) ## Fashion 2 - [Miracle Miles tech](https://millionrounds.com/company/miracle-miles-tech) - [SIGMAS](https://millionrounds.com/company/sigmas) ## Segment by segment ### Biotech 18 startups · $4.2B raised - [*G* **Grail**](https://millionrounds.com/company/grail) United States $1.6B - [**Structure Therapeutics**](https://millionrounds.com/company/structure-therapeutics) Structure Therapeutics specializes in the discovery and development of drugs against a type of targets called GPCR. United States $748M - [**Moderna**](https://millionrounds.com/company/moderna) Learn how we’re changing the world of medicine. United States $675M - [**ArriVent**](https://millionrounds.com/company/arrivent) ArriVent develops pharmaceutical products to cure presently untreatable cancer. United States $325M - [**Frontera Therapeutics**](https://millionrounds.com/company/frontera-therapeutics) Frontera Therapeutics is an AAV gene therapy company that focuses on rAAV therapies for the global market. United States $160M - [**ProfoundBio**](https://millionrounds.com/company/profoundbio) ProfoundBio is a developer of targeted therapeutics intended for patients with cancer. United States $112M - [**OnCusp Therapeutics**](https://millionrounds.com/company/oncusp-therapeutics) OnCusp Therapeutics, Inc. United States $100M - [**QuantX Biosciences**](https://millionrounds.com/company/quantx-biosciences) QuantX Biosciences is a biotechnology company that specializes in computational drug discovery and small-molecule therapeutic products. United States $85M ### AI 13 startups · $2.1B raised - [**Pony.ai**](https://millionrounds.com/company/pony-ai) Leading global autonomous driving technology company Pony.ai, Inc. United States $875M - [**Genspark**](https://millionrounds.com/company/genspark) Genspark is an all-in-one AI Workspace on a mission to autopilot the busywork for 1 billion+ knowledge workers. United States $575M - [**Simple**](https://millionrounds.com/company/simple) Empowering family offices with AI-driven insights, expert knowledge, family office software and vetted service providers. United States $134M - [**GenesisAI**](https://millionrounds.com/company/genesis-ai) GenesisAI is an Artificial Intelligence marketplace that allows companies to buy or sell AI products and services at scale. United States $106M - [**MainFunc (GenSpark)**](https://millionrounds.com/company/mainfunc-genspark) MainFunc is an AI company delivering autonomous automation for SMEs and is the maker of Genspark, an AI workspace that streamlines tasks. United States $100M - [**DataVisor**](https://millionrounds.com/company/datavisor) DataVisor is an AI-native, end-to-end fraud and risk SaaS platform founded in 2013. United States $95M - [**MarqVision**](https://millionrounds.com/company/marqvision) MarqVision is an AI-powered brand protection technology company based in Los Angeles, California. United States $48M - [*D* **DeepVision**](https://millionrounds.com/company/deepvision) DeepVision is a bearing inspection service provider. United States $35M ### Web3 & Crypto 6 startups · $1.8B raised - [**Kraken**](https://millionrounds.com/company/kraken) Kraken is one of the world’s longest-standing and most secure crypto platforms. United States $1.7B - [**Vibe**](https://millionrounds.com/company/vibe) Vibe is a streaming TV advertising company for small and medium-sized businesses. United States $87M - [**Ping**](https://millionrounds.com/company/ping) Learn more about PING&s latest clubs including the G440 Family, i530 & i240 Irons, Scottsdale Putters, and more. United States $33M - [**zkPass**](https://millionrounds.com/company/zkpass) zkPass is a privacy-focused, decentralized protocol founded in 2022, headquartered in New York. United States $13M - [**Slope Finance**](https://millionrounds.com/company/slope-finance) Slope Finance is a community-driven, full-stack blockchain platform built on Solana. United States $8.0M - [*GC* **Guanguan Coin**](https://millionrounds.com/company/guanguan-coin) Chinese cryptocurrency United States $6.0M ### Healthtech 3 startups · $371M raised - [**Eight Sleep**](https://millionrounds.com/company/eight-sleep) Eight Sleep is a sleep fitness company based in New York City, founded in 2014. United States $190M - [**Noah Medical**](https://millionrounds.com/company/noah-medical) Noah Medical is a medical robotics company based in Silicon Valley, founded in 2018. United States $150M - [**BDG**](https://millionrounds.com/company/bdg) BDG is a prominent global digital media company based in New York City, founded in 2013. United States $31M ### Fashion 2 startups · $101M raised - [**Miracle Miles tech**](https://millionrounds.com/company/miracle-miles-tech) Miracle Miles tech is a footwear and clothing enterprise. United States $100M - [**SIGMAS**](https://millionrounds.com/company/sigmas) SIGMAS is a fitness brand that delivers activewear and tools specifically engineered for the needs of hybrid athletes and coaches. United States $1.0M **How this map is made.** Every startup here has raised money in a round we track that names HSG as an investor and is based in United States. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Investments abroad **HSG's investments in China** 94 startups · $47B](https://millionrounds.com/portfolio-maps/hsg-investments-china)[Portfolio map **HSG portfolio map** 185 startups · $66B](https://millionrounds.com/portfolio-maps/hsg-portfolio-map)[Co-investors **Who invests with HSG** 137 co-investors](https://millionrounds.com/portfolio-maps/hsg-co-investors)[Sector portfolio **HSG's AI portfolio** 52 startups · $44B](https://millionrounds.com/portfolio-maps/hsg-ai-portfolio)[Sector portfolio **HSG's Biotech portfolio** 34 startups · $5.8B](https://millionrounds.com/portfolio-maps/hsg-biotech-portfolio)[Sector portfolio **HSG's Fintech portfolio** 19 startups · $4.3B](https://millionrounds.com/portfolio-maps/hsg-fintech-portfolio) ## Raising from investors like HSG? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)