VAST has raised an additional $3 billion, progressing from Series A to Series B+ in just six months.
2026.09.01 14:21:25
Beating AI News (Insight): AI 3D firm VAST (Sanqi Wanwu) has closed its Series B and B+ funding rounds, raising a combined ~3 billion yuan, led by Matrix Partners China. Strategic investors including Perfect World, BlueFocus, Cambricon Technologies, and 37 Interactive Entertainment participated, while existing shareholders such as DC Capital, Spring Capital, and 4399 made follow-on investments. No specific valuation was disclosed for this round. The pace of its financing is even more striking than the amount raised: VAST secured a $50 million Series A round as recently as March, followed by nearly $200 million in Series A+ and A++ rounds in June, and over 1 billion yuan in Series A3 in July. Adding up the disclosed funding amounts, its total financing has reached nearly 6 billion yuan. AI 3D has indeed emerged as a sector heavily backed by capital lately. Its direct competitor Meshy just completed a nearly $400 million Series B round in July, hitting a $1.5 billion valuation.
U.S. Democrats to hold a meeting on Tuesday to discuss AI legislative actions.
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