Sand.ai Raises $200 Million Series A+ Ahead of a Full MAGI-2 Video Model, TechNode Reports
TechNode, citing the Chinese outlet Jiemian, reports that Sand.ai announced a $200 million Series A+ financing on November 5, jointly led by Cornerstone Capital and Wangsu Science & Technology. The company said the investment gave it unicorn status and brought its fundraising this year to $300 million across three rounds. Proceeds are earmarked for video-model research, training and inference infrastructure, product development and international expansion. Sand.ai plans to release the full version of MAGI-2, described as a larger mixture-of-experts video-generation model, soon.
Another named-dollar check is landing in China's video-generation race, this time for a model family that is not yet fully out. TechNode reported on November 6, citing Jiemian, that Sand.ai announced a $200 million Series A+ round on November 5. Cornerstone Capital and Wangsu Science & Technology jointly led the round, TechNode said.
According to that account, Sand.ai said the investment gave it unicorn status and brought its fundraising this year to $300 million across three rounds. The company will use the proceeds for video-model research, training and inference infrastructure, product development and international expansion, and it plans to release the full version of MAGI-2, a larger video-generation model built on a mixture-of-experts architecture, soon after a MAGI-2 preview.
The round is much smaller than Kuaishou's Kling AI fundraising, which closed at about 19.8 billion yuan, and it sits on the model-training side of a market where infrastructure companies such as Fal have also been raising at sharply higher valuations to run image and video models. Unicorn status here is the company's own description as relayed by TechNode, not an independently disclosed post-money valuation.
Limits#
- We did not read Jiemian's original Chinese report or a Sand.ai primary press release this run; the figures come from TechNode's account of that announcement.
- "Unicorn status" and the $300 million year-to-date total are attributed to the company via TechNode, not to a filing we reviewed.
- MAGI-2's full release is described only as "soon"; no date, parameter count or independent quality comparison was in the TechNode item we read.
- Lead-investor participation is reported, not confirmed by the firms in materials we saw.