AI 3D Generation Company VAST Raises Approximately 5 Billion Yuan in Six Months

On September 1, 2026, VAST announced the completion of Series B and B+ funding rounds totaling approximately 3 billion yuan, led by Matrix Partners China with participation from Perfect World, BlueFocus, CDH Investments, and CICC Capital. In less than half a year, VAST has cumulatively raised approximately 5 billion yuan (about 700 million USD). The company stated that the new funding will be invested in iterating 3D native model and data capabilities, expanding training and inference infrastructure, and accelerating product development and commercial deployment. The rapid fundraising reflects strong capital interest in 3D generative AI as the next-generation content production paradigm, with VAST positioned at the intersection of AI and 3D content creation during the transition from technology verification to commercial landing.