Video generation foundational model company Sand.ai has completed a $200 million Series A+ financing

The video generation foundational model company Sand.ai has completed a $200 million Series A+ financing round, bringing the total financing to $300 million over 10 months. This round of financing was co-led by Cornerstone Capital and Wangsu Science & Technology, with participation from Times Capital, Panlin Capital, Dongzheng Capital, and others.

Tianchuang Capital, along with Shandong Iron Investment and Shandong Railway Fund, strategically participated, while Pudong Venture Capital, Shanghai Guofang, and other state-owned institutions from Shanghai joined in, with existing shareholders such as Jingwei Venture Capital, Huaye Tiancheng, and Zhongke Chuangxing continuing to increase their investments.