Vast raises ~$200M at $1B+ valuation, claims 20M global users

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Summary

Beijing-based Vast, a 3D-modeling startup, raised ~$200M at a $1B+ valuation and claims to have 20M global users. Vast uses AI models to generate 3D assets from text and image prompts.

Why it matters

Significant funding and user growth for a Chinese AI startup.

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