Video large model enterprise Sand.ai has completed a $200 million Series A+ financing.

Video large model enterprise Sand.ai announced the completion of US$200 million Series A+ financing. This round of financing has gathered multiple investment forces including industrial capital, RMB and USD funds, and Shanghai state-owned capital. Jiyuan Capital and Wangsu Science & Technology are the co-lead investors; GSR Ventures, Panglin Capital, Dongzheng Capital and other institutions participated in the financing; Tianchuang Capital made a strategic investment together with Shandong Tietou Industrial Investment and Shandong Railway Fund; Shanghai state-owned capital-backed institutions including Pudong Venture Capital and Shanghai Guofang also joined the round; existing shareholders including Matrix Partners China, Huaye Tiancheng and CAS Star continued to increase their capital contribution. (Securities Times)