VAST Secures $50 Million Series A as Its 3D Foundation Models Continue Setting Industry SOTA

March 5, 2026 — VAST has completed a $50 million Series A funding round, led jointly by Alibaba Group and Hengxu Capital, with participation from Yuanhe Puhua, Baidu Ventures, and Orient Jiafu. Existing investors Primavera Capital Group and the Beijing AI Industry Investment Fund also significantly increased their investments in the round.

Founded in 2023, VAST has rapidly emerged as a global full-stack leader in the multimodal AI sector. Its self-developed 3D foundation models remain at the forefront of the industry. The company’s ecosystem already includes collaborations with leading tech firms such as Alibaba Group, Tencent, and ByteDance, while attracting more than 90,000 developers.

VAST’s platform Tripo Studio has gathered over 6.5 million creators, who have collectively generated nearly 100 million 3D models to date.

Alongside the financing announcement, VAST also unveiled a new family of AI 3D foundation models. Among them, Tripo H3.1 ranks first in the industry across multiple core benchmarks, while Tripo P1.0 can generate professional-grade 3D assets in just two seconds, making it over 100 times faster than many existing solutions.

In addition, VAST revealed that its first “world model,” a key project under development since 2025, will be released in the near future.

According to the company, the new funding will primarily be used to recruit talent for world model development, accelerate algorithm iteration, and expand data resources. VAST also plans to build a UGC interactive content platform, aiming to create a new medium for interactive content that bridges the digital and physical worlds.

Investors expressed strong confidence in the company’s prospects. Hengxu Capital highlighted the maturity and real-world applicability of VAST’s 3D generation technology, while Yuanhe Puhua emphasized its potential to significantly lower the barrier to 3D content creation and expand into consumer-facing applications.

The Beijing AI Industry Investment Fund noted that VAST’s performance in both the 3D AI and world model sectors demonstrates the global competitiveness of Chinese AI companies, adding that the company’s commercialization progress and revenue growth have exceeded expectations.

Source: IPOzaozhidao