Video Large Model Enterprise Sand.ai Closes $200 Million Series A+ Round

Video large model enterprise Sand.ai announced the completion of its $200 million Series A+ funding round. This round attracted investment from industrial capital, RMB and USD funds, and Shanghai state-owned enterprises. Key investors include Keystone Capital and Netsweeper Technology as co-lead investors; Era Capital, Panlin Capital, and Dongzheng Capital participated; Tianchuang Capital joined with Shandong Railway Production Investment and Shandong Railway Fund as strategic investors; Pudong Venture Capital and Shanghai Guofang, among other Shanghai state-owned enterprises, also participated. Existing shareholders including Matrix Partners China, Huaye Tiancheng, and iStar led by existing shareholders continued to increase their stakes. (Securities Times)