# Sand.ai Raises $200 Million Series A+ Ahead of a Full MAGI-2 Video Model, TechNode Reports

Times of AI Desk · 2026-11-07 · Industry

[https://timesof.ai/2026/11/sand-ai-200m-series-a-unicorn-magi-2](https://timesof.ai/2026/11/sand-ai-200m-series-a-unicorn-magi-2)

> 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](https://timesof.ai/2026/11/kling-ai-completes-19-8b-yuan-round-kingdee-metax), 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](https://timesof.ai/2026/11/fal-raises-1-3b-at-16b-valuation-bessemer-generative-media-inference). 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.

## Sources

- [TechNode: Sand.ai raises $200 million ahead of MAGI-2 video model release (November 6, 2026)](https://technode.com/2026/11/06/sand-ai-raises-200-million-ahead-of-magi-2-video-model-release/)