- Vast recently raised nearly $200 million, achieving a valuation of about $1 billion, making it one of China's latest AI unicorns.
- Vast is considering an IPO in Hong Kong and is working with Bank of America and CICC on a potential share sale, although deliberations are ongoing and no final decision has been made.
- Vast was founded in 2023 by Simon Song, a founding member of large language model developer MiniMax.
- Vast develops Tripo Studio, an AI-powered platform that enables developers and creative professionals to generate 3D models from text and image prompts.
Vast, a 3D AI startup founded in 2023 by Simon Song, is exploring an initial public offering (IPO) in Hong Kong. The company, which has garnered support from major investors including Alibaba, Baidu, and Ince Capital, is currently in discussions with Bank of America and China International Capital Corp (CICC) regarding the potential share sale.12345
Vast's flagship product, Tripo Studio, allows developers and creative professionals to generate 3D models from text and image prompts. Recently, the startup raised nearly $200 million, achieving a valuation of approximately $1 billion, marking it as one of China's latest AI unicorns. The company also has a partnership with NetEase, enhancing its offerings in the gaming sector.
Despite the ongoing deliberations, no final decision has been made regarding the IPO, and representatives from Vast, Bank of America, and CICC have declined to comment on the matter. Vast's innovative approach to 3D modeling positions it well within the rapidly evolving AI landscape, attracting significant investment and interest.
“Vast, founded in 2023 by MiniMax founding member Simon Song, recently raised nearly $200 million at a roughly $1 billion valuation, becoming one of China's latest AI unicorns. Its Tripo Studio platform generates 3D models from text and image prompts, and it partners with NetEase on the role-playing game Where Winds Meet.”
