AI 3D company VAST, also known as Sanqi Wanwu, has completed its Series B and Series B+ financing rounds, raising a combined roughly RMB 3 billion, according to a report cited by ChainCatcher from Sina Finance. Matrix Partners China led the deal.
Other participants included Perfect World, BlueFocus, Xindongneng Investment, Yanqu Games, ThunderSoft, 37 Interactive Entertainment, VGC under CDH, CICC Capital, and CMC Capital. Existing investors such as Fortune Capital, Primavera Capital, and Ince Capital also continued to back the company.
VAST said its cumulative fundraising has reached about RMB 5 billion in less than half a year. The company also released Tripo P2, the latest version of its flagship Tripo P series 3D foundation model. The new capital will be used for iteration of native 3D models and data capabilities, expansion of training and inference infrastructure, product development, and commercialization.
AI 3D company VAST, also known as Sanqi Wanwu, has completed its Series B and Series B+ rounds, raising a combined roughly RMB 3 billion, according to Sina Finance as cited by ChainCatcher. Matrix Partners China led the financing.
Co-investors included Perfect World, BlueFocus, Xindongneng Investment, Yanqu Games, ThunderSoft, 37 Interactive Entertainment, as well as VGC under CDH, CICC Capital, and CMC Capital. Existing shareholders including Fortune Capital, Primavera Capital, and Ince Capital also added to their positions.
Cumulative fundraising reaches about RMB 5 billion in less than half a year
According to the company, VAST has raised about RMB 5 billion in total in less than six months.
Capital earmarked for model upgrades, infrastructure, and commercialization
VAST also released Tripo P2, the latest version in its flagship Tripo P series of 3D foundation models. The company said the new funds will go toward upgrading native 3D models and data capabilities, expanding training and inference infrastructure, product development, and commercial deployment.
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