diff --git a/RELEASE_NOTES.md b/RELEASE_NOTES.md
index e50bd09f..e128d87e 100644
--- a/RELEASE_NOTES.md
+++ b/RELEASE_NOTES.md
@@ -1,3 +1,7 @@
+### 4.14.0
+
+* Added `AsyncSeq.mapAsyncParallelThrottled` — ordered, bounded-concurrency parallel map. Like `mapAsyncParallel` but limits the number of in-flight operations to `parallelism`, preventing unbounded resource use on large or infinite sequences.
+
 ### 4.13.0
 
 * CI: Upgrade Fable from 4.25.0 to 5.0.0-rc.7 and .NET SDK from 8.0.19 to 10.0.100 to fix a CI hang where the Fable build step ran for 6+ hours with .NET 10. Fable 5 + .NET 10 compiles in ~20 seconds.
diff --git a/src/FSharp.Control.AsyncSeq/AsyncSeq.fs b/src/FSharp.Control.AsyncSeq/AsyncSeq.fs
index 4c9e5b18..946e9bf9 100644
--- a/src/FSharp.Control.AsyncSeq/AsyncSeq.fs
+++ b/src/FSharp.Control.AsyncSeq/AsyncSeq.fs
@@ -1159,6 +1159,28 @@ module AsyncSeq =
         | Choice1Of2 value -> return value
         | Choice2Of2 ex -> return raise ex })
   }
+
+  let mapAsyncParallelThrottled (parallelism:int) (f:'a -> Async<'b>) (s:AsyncSeq<'a>) : AsyncSeq<'b> = asyncSeq {
+    use mb = MailboxProcessor.Start (fun _ -> async.Return())
+    use sm = new SemaphoreSlim(parallelism)
+    let! err =
+      s
+      |> iterAsync (fun a -> async {
+        do! sm.WaitAsync () |> Async.awaitTaskUnitCancellationAsError
+        let! b = Async.StartChild (async {
+          try
+            let! result = f a
+            sm.Release() |> ignore
+            return result
+          with ex ->
+            sm.Release() |> ignore
+            return raise ex })
+        mb.Post (Some b) })
+      |> Async.map (fun _ -> mb.Post None)
+      |> Async.StartChildAsTask
+    yield!
+      replicateUntilNoneAsync (Task.chooseTask (err |> Task.taskFault) (async.Delay mb.Receive))
+      |> mapAsync id }
   #endif
 
   let chooseAsync f (source:AsyncSeq<'T>) =
diff --git a/src/FSharp.Control.AsyncSeq/AsyncSeq.fsi b/src/FSharp.Control.AsyncSeq/AsyncSeq.fsi
index a8ecd49b..98a83981 100644
--- a/src/FSharp.Control.AsyncSeq/AsyncSeq.fsi
+++ b/src/FSharp.Control.AsyncSeq/AsyncSeq.fsi
@@ -887,6 +887,15 @@ module AsyncSeq =
     /// in the order they complete (unordered), without preserving the original order.
     val mapAsyncUnorderedParallelThrottled : parallelism:int -> mapping:('T -> Async<'U>) -> s:AsyncSeq<'T> -> AsyncSeq<'U>
 
+    /// Builds a new asynchronous sequence whose elements are generated by
+    /// applying the specified function to all elements of the input sequence,
+    /// with at most <c>parallelism</c> mapping operations running concurrently.
+    ///
+    /// The function is applied to elements in order and results are emitted in order,
+    /// but in parallel, with at most <c>parallelism</c> operations running concurrently.
+    /// This is the throttled counterpart to <c>mapAsyncParallel</c>.
+    val mapAsyncParallelThrottled : parallelism:int -> mapping:('T -> Async<'U>) -> s:AsyncSeq<'T> -> AsyncSeq<'U>
+
     /// Applies a key-generating function to each element and returns an async sequence containing unique keys
     /// and async sequences containing elements corresponding to the key.
     ///
diff --git a/src/FSharp.Control.AsyncSeq/FSharp.Control.AsyncSeq.fsproj b/src/FSharp.Control.AsyncSeq/FSharp.Control.AsyncSeq.fsproj
index 00853d8e..90597602 100644
--- a/src/FSharp.Control.AsyncSeq/FSharp.Control.AsyncSeq.fsproj
+++ b/src/FSharp.Control.AsyncSeq/FSharp.Control.AsyncSeq.fsproj
@@ -24,7 +24,7 @@
   </ItemGroup>
   <ItemGroup>
     <PackageReference Update="FSharp.Core" Version="4.7.2" />
-    <PackageReference Include="Microsoft.Bcl.AsyncInterfaces" Version="10.0.5" />
+    <PackageReference Include="Microsoft.Bcl.AsyncInterfaces" Version="10.0.6" />
     <PackageReference Include="System.Threading.Channels" Version="*" />
     <Content Include="*.fsproj; **\*.fs; **\*.fsi;" PackagePath="fable\" />
   </ItemGroup>
diff --git a/tests/FSharp.Control.AsyncSeq.Tests/AsyncSeqTests.fs b/tests/FSharp.Control.AsyncSeq.Tests/AsyncSeqTests.fs
index 1f7a34c3..bbd08426 100644
--- a/tests/FSharp.Control.AsyncSeq.Tests/AsyncSeqTests.fs
+++ b/tests/FSharp.Control.AsyncSeq.Tests/AsyncSeqTests.fs
@@ -1985,6 +1985,53 @@ let ``AsyncSeq.mapAsyncUnorderedParallelThrottled should throttle`` () =
 
   Assert.AreEqual(50, result.Length)
 
+[<Test>]
+let ``AsyncSeq.mapAsyncParallelThrottled should maintain order`` () =
+  let ls = List.init 100 id
+  let result =
+    ls
+    |> AsyncSeq.ofList
+    |> AsyncSeq.mapAsyncParallelThrottled 5 (fun i -> async {
+      do! Async.Sleep (100 - i)
+      return i * 2 })
+    |> AsyncSeq.toListAsync
+    |> Async.RunSynchronously
+  Assert.AreEqual(ls |> List.map ((*) 2), result)
+
+[<Test>]
+let ``AsyncSeq.mapAsyncParallelThrottled should propagate exception`` () =
+  let result =
+    AsyncSeq.init 50L id
+    |> AsyncSeq.mapAsyncParallelThrottled 5 (fun i -> async {
+      if i = 25L then return failwith "test error"
+      return i })
+    |> AsyncSeq.toListAsync
+    |> Async.Catch
+    |> Async.RunSynchronously
+  match result with
+  | Choice2Of2 _ -> ()
+  | Choice1Of2 _ -> Assert.Fail("Expected exception")
+
+[<Test>]
+let ``AsyncSeq.mapAsyncParallelThrottled should throttle`` () =
+  let count = ref 0
+  let parallelism = 5
+
+  let result =
+    AsyncSeq.init 50L id
+    |> AsyncSeq.mapAsyncParallelThrottled parallelism (fun i -> async {
+      let c = Interlocked.Increment count
+      if c > parallelism then
+        return failwith (sprintf "concurrency exceeded: %d > %d" c parallelism)
+      do! Async.Sleep 5
+      Interlocked.Decrement count |> ignore
+      return i * 2L })
+    |> AsyncSeq.toListAsync
+    |> Async.RunSynchronously
+
+  Assert.AreEqual(50, result.Length)
+  Assert.AreEqual([ 0L..49L ] |> List.map ((*) 2L), result)
+
 //[<Test>]
 //let ``AsyncSeq.mapParallelAsyncBounded should maintain order`` () =
 //  let ls = List.init 500 id
diff --git a/version.props b/version.props
index 7f9a2112..30ed08f9 100644
--- a/version.props
+++ b/version.props
@@ -1,5 +1,5 @@
 <Project>
   <PropertyGroup>
-    <Version>4.12.0</Version>
+    <Version>4.14.0</Version>
   </PropertyGroup>
 </Project>