Sand.ai closes $200 million Series A+ for video AI

Chinese video-generation startup Sand.ai has completed a $200 million Series A+ financing round, bringing its total fundraising over the past 10 months to $300 million and pushing its valuation above $1 billion. The Beijing-based company plans to use the proceeds for foundation-model research, infrastructure, product development, and international expansion, while preparing to release the full version of its MAGI-2 model. CoStone Capital and Wangsu Science & Technology jointly led the round, which follows another large transaction in China’s generative video market by Kuaishou's Kling AI. Open article →