AI video generation company Sand.ai has completed two rounds of financing in three consecutive months.

Recently, Sand.ai announced the completion of a new round of financing, with a total of over $100 million raised in two rounds within three months. Leading institutions such as Suzhou Huahua, Lollapalooza Capital, Jiukun Venture Capital, Weiwei Venture Capital, He Yuziben, Innovation Works, Xianghe Capital, Source Code Capital, Zhongke Chuangxing, Hongtai Fund, Qianzibinshi Capital, Huaye Tiancheng, Yunhui Fund, IDG, Baidu Ventures and others jointly invested. It is reported that Sand.ai will open source a new generation of video generation models in the third quarter of this year. The model uses a MoE architecture, balancing efficient inference with the largest parameter scale in the current open source field. Sand.ai founder and CEO Cao Yue said he is confident in achieving top-level standards and wants to open it up to everyone.