Vast raises nearly $200 million, tops $1 billion valuation
Vast, a 3D-modeling startup, has raised nearly $200 million in funding. This investment round has pushed the company's valuation to over $1 billion.
Key Takeaways
- Vast raised nearly $200 million in fresh funding.
- The round pushed Vast’s valuation above $1 billion.
- The startup builds 3D-modeling tools.
- Vast was founded by a 29-year-old gamer.
- Bloomberg identifies Vast as the latest Chinese AI unicorn.
Why It Matters
Vast’s financing gives the 3D-modeling startup the capital and status that come with crossing the $1 billion mark. The raise also adds another name to China’s growing list of AI unicorns, this time in an application area tied to 3D modeling rather than a general-purpose model play. The key number to watch next is the final size of the round, which Bloomberg says was nearly $200 million; that figure helps frame how aggressively investors are backing this part of the AI stack.
Read full article at bloomberg.com
Enjoy our coverage?
Add StreamingMeme as a preferred source on Google to see more of our streaming news at the top of your Search results.
Add as preferred source