Genspark raised at $1B led by Sequoia China, with Tencent and others
The Voice AI Boom still on: 2 new startups hit $50M and $5M ARR
A few days ago, both Forbes and The Information broke the news of Genspark’s latest funding round.
From what I’ve heard, Sequoia China is leading the round, with participation from Tencent and others, valuing the company around $1 billion with roughly $200 million.
And Tencent originally wanted to lead the round, but in the end, Sequoia China took the lead.
That may suggest that the geopolitical tension between China and the U.S. might not be as disruptive to cross-border AI investments as many feared.
Just a few months ago, Genspark announced that its ARR (annual run rate) hit $10 million only nine days after launching Genspark Agent.
By September 30, founder and CEO Eric Jing revealed that ARR had already surpassed $50 million, with 20% month-over-month growth over the past three months, and a paid retention rate between 88–92% in the first month.
Their net burn in Q2 this year was under $1 million — remarkably lean for such fast scaling.
Like HeyGen, Genspark has been moving at lightning speed.
As Eric Jing put it: “For startups, speed is the real moat.”
In just the past two months, they’ve launched six major products:
Genspark Photo Genius
a free AI-powered browser,
Clip Genius,
AI Designer,
AI Developer, and
AI Meeting Notes.
Their strategy is clear — identify hot verticals in the AI market, modularize them into tools, and integrate everything seamlessly into the Genspark ecosystem.
Recently, Genspark also introduced Custom Super Agent and Super Agent Store — a big step toward its platform vision.
You simply describe the kind of AI agent you want in natural language, and Genspark automatically generates it — configuring model architecture, fine-tuning, and deployment in minutes.
The Agent Store functions like an App Store for AI agents, allowing users to discover and share custom-built AIs.
There are also reports that Genspark is preparing an enterprise-grade offering aimed at corporate clients.
