# VAST

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vast-3

- Industry: Software
- Headquarters: Beijing, China
- Website: www.vastai3d.com
- Total disclosed funding: $843M
- Latest round: Series B (Sep 1, 2026)
- Investors on record: 52

## About

Based in Beijing, China, and founded in 2023 by Simon Song (Founder & CEO), Yanpei Cao, Beijing Sanqi Wanwu Technology Co., Ltd., trading as VAST also known as Tripo, is an AIGC (artificial intelligence generated content) technology developer, mainly engaged in the development of general 3D large models. The company's founder, Yachen Song, CTO Ding Liang and Yanpei Cao. In September 2026, VAST raised CNY 3 billion in combined Series B and Series B+ funding led by MPCi. The financing included participation from 37 Interactive Entertainment, 3H Health Investment, Bluefocus Communication Group of America, Inc., CDH Investments, China International Capital Corporation, CMC Capital Partners, Fujian Investment & Development Group, Fujian Venture, GreatOrigin Asia, Hongtai Aplus, Huamin Investment, Jiangxi Finance Holding, Perfect World, Shandong Radio & TV Media Group, Singularity Power Capital, ThunderSoft, Yanqu Network Technology, and Zhongping Capital, 4399.com, Fortune Capital, INCE Capital, Muhua Tech Ventures, Primavera Capital Group, T-Capital, and Vitalbridge also participated.??
VAST focuses on AIGC 3D content generation technology research and development and products. The company mainly creates mass-level 3D content creation tools and builds a 3D UGC (User-Generated Content) content platform. VAST launched its AI 3D workbench, Tripo AI, a high-precision generative platform that can generate 3D models with high quality in terms of structural accuracy, texture quality, and generation speed.
The company generates revenue by developing mass-level 3D content creation tools and a 3D UGC content platform.
The Series B funding raised in September 2026 will continue to be invested in the iteration of 3D native models and data capabilities, the expansion of training and inference infrastructure, and the acceleration of product development and commercialization, so as to promote AI 3D from "usable" to "easy to use" and become the 3D native intelligent infrastructure for various industries.

## Funding rounds

- Series B, Sep 1, 2026, $446M — CDH Investments, China International Capital Corporation, CMC Capital Partners, Fortune Capital, Primavera Capital Group, ThunderSoft, Perfect World, T- Capital, Fujian Venture, 4399.com, Hongtai Aplus, 37 Interactive Entertainment, MPCi, Beijing Singularity Power Investment Management, Jiangxi Finance Holding, Fujian Investment & Development Group, 3H Health Investment, Shandong Radio & TV Media Group, INCE Capital, Vitalbridge, Bluefocus Communication Group Of America, Inc., Huamin Investment, Zhongping Capital, Muhua Tech Ventures, Yanqu Network Technology, GreatOrigin Asia
- Series A, Jul 2, 2026, $147M — Giant Network Group, T- Capital, CoStone Capital, 4399.com, Chengdu Science and Technology Venture Capital Group, Fosun Capital, Genesis Capital, Addor Capital, TH EDU Capital, Jinkong Qiyuan Capital, Beijing E-town international Industrial Investment Management, INCE Capital, Orinno Capital, TanWan.com, Geely
- Series A, Jun 1, 2026, $200M — Shanghai Pudong Hi-tech Investment, Primavera Capital Group, FG Venture, Genesis Capital, Baidu Ventures, Shenzhen Capital Real Estate Fund, Eminence Ventures, INCE Capital, Wofo Ventures, Zhejiang Orient Group Industry and Finance Investment, China Life Capital
- Series A, Mar 5, 2026, $50M — Primavera Capital Group, Alibaba Group, Hua Capital Management, Baidu Ventures, Orient Jiafu Asset Management, Shunxi Fund, Hengxu Capital
- Angel, Sep 19, 2024 — Vitalbridge Capital

## Investors

- Vitalbridge Capital — Angel
- Primavera Capital Group (https://capitalatlas.ai/funds/primavera-capital-group) — Series A, Series B
- Alibaba Group — Series A
- Hua Capital Management (https://capitalatlas.ai/funds/hua-capital-management) — Series A
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Series A
- Orient Jiafu Asset Management (https://capitalatlas.ai/funds/orient-jiafu-asset-management) — Series A
- Shunxi Fund (https://capitalatlas.ai/funds/shunxi-fund) — Series A
- Hengxu Capital (https://capitalatlas.ai/funds/hengxu-capital) — Series A
- Shanghai Pudong Hi-tech Investment (https://capitalatlas.ai/funds/shanghai-pudong-hi-tech-investment) — Series A
- FG Venture (https://capitalatlas.ai/funds/fg-venture) — Series A
- Genesis Capital — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series A
- Eminence Ventures (https://capitalatlas.ai/funds/eminence-ventures) — Series A
- INCE Capital (https://capitalatlas.ai/funds/ince-capital) — Series A, Series B
- Wofo Ventures (https://capitalatlas.ai/funds/wofo-ventures) — Series A
- Zhejiang Orient Group Industry and Finance Investment (https://capitalatlas.ai/funds/zhejiang-orient-group-industry-and-finance-investment) — Series A
- China Life Capital — Series A
- Giant Network Group — Series A
- T- Capital (https://capitalatlas.ai/funds/t-capital) — Series A, Series B
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series A
- 4399.com — Series A, Series B
- Chengdu Science and Technology Venture Capital Group (https://capitalatlas.ai/funds/chengdu-science-and-technology-venture-capital-group) — Series A
- Fosun Capital (https://capitalatlas.ai/funds/fosun-capital) — Series A
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series A
- TH EDU Capital (https://capitalatlas.ai/funds/th-edu-capital) — Series A
- Jinkong Qiyuan Capital (https://capitalatlas.ai/funds/jinkong-qiyuan-capital) — Series A
- Beijing E-town international Industrial Investment Management (https://capitalatlas.ai/funds/beijing-e-town-international-industrial-investment-managemen) — Series A
- Orinno Capital (https://capitalatlas.ai/funds/orinno-capital) — Series A
- TanWan.com — Series A
- Geely (https://capitalatlas.ai/funds/geely) — Series A
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series B
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B
- CMC Capital Partners (https://capitalatlas.ai/funds/cmc-capital-partners) — Series B
- Fortune Capital — Series B
- ThunderSoft — Series B
- Perfect World — Series B
- Fujian Venture (https://capitalatlas.ai/funds/fujian-venture) — Series B
- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series B
- 37 Interactive Entertainment — Series B
- MPCi (https://capitalatlas.ai/funds/mpci) — Series B
- Beijing Singularity Power Investment Management (https://capitalatlas.ai/funds/beijing-singularity-power-investment-management) — Series B
- Jiangxi Finance Holding (https://capitalatlas.ai/funds/jiangxi-finance-holding) — Series B
- Fujian Investment & Development Group — Series B
- 3H Health Investment (https://capitalatlas.ai/funds/3h-health-investment) — Series B
- Shandong Radio & TV Media Group — Series B
- Vitalbridge (https://capitalatlas.ai/funds/vitalbridge) — Series B
- Bluefocus Communication Group Of America, Inc. — Series B
- Huamin Investment — Series B
- Zhongping Capital (https://capitalatlas.ai/funds/zhongping-capital) — Series B
- Muhua Tech Ventures — Series B
- Yanqu Network Technology — Series B
- GreatOrigin Asia — Series B