Sand.ai, a company specializing in video generation models, has raised $200 million in Series A+ funding, bringing its total funding to $300 million in the past 10 months. The round was co-led by Cornerstone Capital and Wangsu Science & Technology, with participation from Times Capital, Panlin Capital, and Dongzheng Capital. Tianchuang Capital, along with Shandong Railway Investment Group and Shandong Railway Fund, participated strategically. Pudong Venture Capital and Shanghai Guofang also joined, while existing shareholders Matrix Partners China, Huaye Tiancheng, and CAS Star continued to invest. (Source: Sina Technology)
The funds will be used for R&D of video generation models, construction of training and inference infrastructure, product iteration, and global market expansion. The company's next-generation MoE architecture video generation model, MAGI-2, will be officially released soon.
Sand.ai previously released and open-sourced MAGI-2 Preview, which has approximately 114 bytes of parameters, with about 6 bytes of parameters activated in a single forward computation. The inference cost for generating a 10-second 1080p video after distillation is 0.5 yuan. The company's video generation product, VidMuse, has already surpassed $10 million in ARR within two months of its launch.
