Chinese 3D AI Startup Vast Raises $200M, Exceeds $1B Valuation
NTES•Vast raised nearly $200M, valuing the 3D-modeling AI startup at over $1B. It serves 20M users via $20 monthly subscriptions plus token fees, aims for profit within two years, and will launch its Project Eden world-model for generation of explorable 3D environments this month.
1. Funding Round and Valuation
Vast secured nearly $200 million in its latest financing led by Ince Capital and China Life Insurance Co.’s venture fund, bringing its valuation above $1 billion. Other participants included Genesis Capital, Eminence Ventures and Primavera Venture Partners.
2. Tripo Studio Service and Pricing
The company’s flagship Tripo Studio platform generates 3D models from text and image prompts for video games and industrial applications. It attracts 20 million users across the US, Europe, Japan and South Korea, charging a $20 monthly subscription plus token-based fees.
3. Technology Developments
Vast’s P-series AI model produces low-polygon, game-ready assets without hours of manual editing. This month the startup plans to release Project Eden, a world-model tool that generates fully explorable 3D environments rather than flat frames.
4. Competitive Landscape and Outlook
Vast competes with Tencent’s Hunyuan 3D and Silicon Valley’s Meshy in a $200 billion gaming market skeptical of generative workflows. Backed by Alibaba and Baidu, the startup projects profitability within two years and could influence established developers like NetEase.
