Sand.ai raises $200M Series A+ to reach $1B valuation
Sand.ai, a Beijing-based AI startup focused on video generation, has completed a $200 million Series A+ funding round. This investment values the company at over $1 billion, granting it unicorn status. The round was co-led by CoStone Capital and Wangsu Science & Technology, with participation from state-owned entities like Pudong Venture Capital Group and existing investors such as iMPC and HyT…
Key points
- Sand.ai raised $200M in a Series A+ round, valuing the company at over $1 billion.
- Total funding over the past 10 months reached $300 million, marking its third 2026 round.
- VidMuse, its video creation service, achieved over $10 million ARR within two months of launch.
Founded in early 2024 by Cao Yue, a Tsinghua PhD graduate, Sand.ai develops generative video models to reduce production costs and speed up content creation. Its technology includes Magi-1 for autoregressive video generation and GAGA-1 for simultaneous audio-visual output. The company recently released MAGI-2 Preview as an open-source research model and plans to launch the official version soon.
On the commercial side, Sand.ai’s paid video creation service, VidMuse, generated over $10 million in annual recurring revenue within two months of its January launch. The new funds will support research and development for video foundation models, infrastructure expansion, and global market growth. Cao Yue previously co-founded Light Year with Meituan co-founder Wang Huiwen, which was acquired by Meituan for $281 million in 2023.
Beijing-based Sand.ai, an AI startup specializing in video generation, raised a $200M Series A+, bringing its total funding over the past 10 months to $300M
dealstreetasia.com · 7 November 2026
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