# Ron Cao

> Ron Cao is a Series B investor at Sky9 Capital (Shanghai) backing Software and Internet. See 25 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Sky9 Capital](https://shizune.co/investors/profile/sky9-capital)
- Location: Shanghai, China
- Total investments: 25
- Last investment: Jun 2026
- Lead investor: 28%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/ron-cao-13812

Ron Cao is a Series B investor at Sky9 Capital in Shanghai focused on Software and Internet. Mr. Ron Cao is a respected venture capitalist and the Founder and Partner of Sky9 capital. During his investment career across Silicon Valley and China, Ron has focused on investing in innovative and disruptive opportunities in consumer internet, industrial internet, enterprise services, deep tech and digital healthcare. He has invested in a numberof technology companies that have grown to become market leaders in their respective industries. Some of these investments include: Meituan/Dianping, PinDuoDuo, TuSimple, Energy Monster, Full Truck Alliance, FinVolution, QingCloud, FangDD, Innolight, Lianluo Interactive, MediaV (acquired by Qihoo), MetroWave (acquired by IPG Photonics), Opulan (acquired by Qualcomm), ShareWave (acquired by Cirrus Logic), Ainemo (acquired by Baidu), 51WORLD, ByteDance, eBroke, Tujia, Doctor Trust, YiAuto, Biren Technology, Starfield, NeoX and Xbiome. Ron has over 20 years of venture capital experience. He was the Managing Director of Lightspeed Venture Partners and started Lightspeed’s China operations from scratch. Prior to Lightspeed, Ron was Managing Director of KLM Capital, where he led the company’s early-stage cross-border investments in Silicon Valley and China. Before entering the investment field, Ron started his career in the US with Motorola, Goldman Sachs and Intel. Ron was named by Forbes China as one of the “Top Venture Capitalists of China” over multiple years. In 2013, Ron was selected by the World Economic Forum as one of its “Young Global Leaders” and served on the Forum’s Global Agenda Council on the Future of Software and IT. Ron is actively involved with various philanthropic pursuits, especially in the areas of children’s education and impact investing. Ron has been involved on the boards of BEAM Alliance and Maitian Education Foundation. Ron holds bachelor’s and master’s degree in Electrical Engineering and Computer Science from Massachusetts Institute of Technology.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $400k–$22M |
| Series A | $16M–$30M |
| Series B | $16M–$130M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 24% |
| Internet | 4 | 16% |
| Artificial Intelligence | 4 | 16% |
| Gaming | 2 | 8% |
| Database | 2 | 8% |

52 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 8 | 32% |
| Series A | 7 | 28% |
| Seed | 5 | 20% |
| Series C | 2 | 8% |
| Series D | 1 | 4% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 12 | 48% |
| United States | 4 | 16% |
| Singapore | 2 | 8% |
| Hong Kong | 1 | 4% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| PhoenixAI | Grow your business with 3X greater analytics performance powered by StarRocks and backed by the enterprise support and features of CelerData | $80M | Series B | Jun 11, 2026 |  |
| HydraDB | The serverless context infra built with in-memory data stores: ultra low latency, highest precision recall, and relationally-aware. Build memory layers, stateful agents, and context stores with the highest accuracy. | $6.5M | Seed | Mar 12, 2026 |  |
| MetaComp | MetaComp delivers secure, seamless solutions for managing both traditional and digital assets. | $22M | Seed | Dec 08, 2025 |  |
| o1.exchange | Building the next generation NASDAQ and AI Religion to bring human beings together with social and financial AI Agents @ Cohuman Labs. Trillion Dollar Market Cap. Backed by a16z games (SPEEDRUN), and many other top investors. AI + Web3 + Infra + Consumer | $1.3M | Seed | Nov 01, 2024 |  |
| NodeReal | NodeReal helps developers and investors to explore blockchains with the most reliable solutions. The company's ModeReal service provides the fastest and most reliable RPC/Archive and API service for BNB Chain, Ethereum, Polygon, Aptos (Testnet), and other blockchains, allowing developers to explore the most recent and historical data in asplit second. It aims to support the massive adoption, growth, and long-term success of the Web3 ecosystem by providing scalable, reliable, and efficient blockchain solutions for everyone.NodeReal was founded in 2021 and is headquartered in Singapore. | $16M | Series A | May 18, 2022 |  |
| Chen Xianggui | Chen Xianggui is a catering brand and servicer that makes Lanzhou ramen and snacks, braised beef skewers, mutton, and other products. | $15.8M | Series B | Feb 15, 2022 |  |
| Starfield Food & Science Technology | Starfield Food & Science Technology offers plant-based proteins. | $100M | Series B | Jan 11, 2022 |  |
| NeoX Biotech | neoX Biotech is a pharmaceutical company engaged in early-stage drug developmentbased on AI and computational biophysical technology. | $30M | Series A | Feb 02, 2021 |  |
| Changjing.ai | AI-driven business intelligence SaaS platform |  | Series A | Jan 14, 2021 |  |
| TuSimple | TuSimple is a self-driving truck company developing a technology that allows driving from depot-to-depot without human intervention.The company's trucks are capable of self-driving from depot-to-depot and do so every day for its customers. It develops a commercial-ready Level 4 (SAE) fully autonomous driving solution for the logisticsindustry. The company is driven by a mission to increase safety, decrease transportation costs, and reduce carbon emissions. In 2015, Jianan Hao, Mo Chen, and Xiaodi Hou headquartered the company in San Diego, California. | $350M | Series E | Nov 30, 2020 |  |

10 of 25 investments shown.

## Co-investors
- [Luminous Ventures (former Lightspeed China Partners)](https://shizune.co/investors/profile/lightspeed-china-partners) — VC Fund, 4 deals together
- [A16Z GAMES Speedrun](https://shizune.co/investors/profile/a16z-games) — VC Fund, 3 deals together
- [Joy Capital](https://shizune.co/investors/profile/joy-capital) — VC Fund, 3 deals together
- [Matrix Partners China](https://shizune.co/investors/profile/matrix-partners-china) — VC Fund, 3 deals together
- [Crystal Stream Capital](https://shizune.co/investors/profile/crystal-stream) — VC Fund, 2 deals together
- [GF Xinde Investment Management](https://shizune.co/investors/profile/gf-xinde-investment-management) — VC Fund, 2 deals together

## About Sky9 Capital

VC Fund · Shanghai, China

Sky9 Capital is a leading venture capital fund dedicated to supporting disruptive technologies and outstanding innovators to drive change and create positive impact for society, the environment and individual lives. Sky9 Capital team includes senior experts, entrepreneurs, and experienced investors from diverse backgrounds. Since 2011, the team hasmanaged a number of USD and RMB funds, whose total assets under management of nearly USD 2 billion.

5 contacts available at Sky9 Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Wei Hao | Partner | https://shizune.co/investors/profile/wei-hao |
| Ara Kyi | Vice President | https://shizune.co/investors/profile/ara-kyi |
| Davy Shen | Executive Director | https://shizune.co/investors/profile/davy-shen |
| James Wang | Executive Director | https://shizune.co/investors/profile/james-wang-47e0 |
| Ke Liang | Technology Partner | https://shizune.co/investors/profile/ke-liang |

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## FAQ

### What does Ron Cao invest in?

Ron Cao invests primarily in Software, Internet and Artificial Intelligence startups, most often at Series B and Series A stage. Most of the 25 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ron Cao's check size?

Ron Cao typically joins rounds of $400k–$22M at Seed, $16M–$30M at Series A and $16M–$130M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ron Cao participates in.

### When did Ron Cao last invest?

The most recent investment recorded for Ron Cao closed in Jun 2026. Shizune tracks 25 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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