Sand.ai raises $200m Series A+ extension

Chinese artificial intelligence video generation startup Sand.ai has completed a Series A extension round at $200 million, bringing its valuation to over $1 billion and total fundraising to $300 million over 10 months. CoStone Capital and Wangsu Science & Technology jointly led the round, which attracted participation from state-owned entities and existing investors. Founded in early 2024, the company plans to use the fresh capital for video foundation model R&D, infrastructure building, and global expansion. Open article →