Vast Becomes $1 Billion AI Unicorn After Raising Nearly $200 Million
Updated
Updated · Bloomberg · Jun 1
Vast Becomes $1 Billion AI Unicorn After Raising Nearly $200 Million
1 articles · Updated · Bloomberg · Jun 1
Nearly $200 million in new funding pushed Beijing-based Vast above a $1 billion valuation, making the 3D-modeling startup China’s latest AI unicorn.
Ince Capital and a venture fund backed by China Life Insurance Co. led the round, with Genesis Capital plus existing investors Eminence Ventures and Primavera Venture Partners also participating.
Vast did not disclose its exact valuation, saying only that it now exceeds $1 billion.
The company was founded by a 29-year-old gamer, underscoring investor appetite for Chinese AI startups focused on 3D-modeling tools.
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