Under 30 Alum’s 3D Model Startup Hits Unicorn Status Amid AI Frenzy
The post Under 30 Alum’s 3D Model Startup Hits Unicorn Status Amid AI Frenzy appeared on BitcoinEthereumNews.com. Simon Song, founder of VAST. Fang Yan for Forbes Asia VAST, a Chinese AI model developer founded by 29-year-old gaming enthusiast Simon Song, has become a unicorn startup after raising about $200 million in fresh funding from over a dozen investors including INCE Capital, Genesis Capital and Primavera Capital Group. The company announced its Series A+ and Series A++ financing on Monday. It has reached a valuation of at least $1 billion, according to two people with knowledge of the deal. One of the people said the startup is now valued at about $1.5 billion. A VAST spokesperson declined to comment on the company’s valuation. The fresh financing comes just three months after its Series A round in March, when the startup raised $50 million at an undisclosed valuation from investors led by Alibaba and private equity firm Hengxu Capital. VAST was founded in 2023 by Song, who ma