Sand.ai Secures $200 Million in Series A+ Funding Ahead of MAGI-2 Launch
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- TechNode.com
On November 5, Sand.ai, a Chinese video-generation company, announced a successful $200 million Series A+ funding round. This investment elevates the company's valuation to unicorn status and brings its total fundraising for the year to $300 million across three funding rounds. The funding was co-led by Cornerstone Capital and Wangsu Science & Technology.
The significance of this funding lies in Sand.ai's plans to enhance its video-model research and infrastructure, develop new products, and expand internationally. The company aims to leverage this capital to advance its capabilities in video generation, particularly with the upcoming release of MAGI-2, a sophisticated video-generation model utilizing a mixture-of-experts architecture.
Sand.ai is set to launch the full version of MAGI-2 soon, which will mark a significant milestone in its product offerings. The successful funding round positions the company to further innovate in the video generation space and solidify its market presence as it prepares for this important release.
Original report
Sand.ai raises $200 million ahead of MAGI-2 video model release
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