Sand.ai Valuation, Funding & Investors

Sand.ai is valued at $1B as of June 2026.

Last Sand.ai valuation

$1B

Series B · Jun 2026

Last Sand.ai funding round

$200M

Series B · Jun 2026

Cumulative funding Sand.ai raised

$250M

across 2 funding rounds

Key investors in Sand.ai

  • IDG Capital
  • Matrix Partners China
  • Sinovation Ventures
  • Source Code Capital
  • CAS Star
  • Angel Plus China

Sand.ai Overview

About Sand.ai

Sand.ai is an AI company that builds video generation models. It released Magi-1, the first high-quality autoregressive video model, fully open source and accessible at sand.ai/magi.


Founded

2023

HQ

ChinaBeijing

Website

sand.ai

Status

Privately held

Valuation

$1B (Jun 2026)

Sand.ai Valuation

Sand.ai is currently valued at $1B, based on its Series B in June 2026. Read the announcement ↗

The $200M round included Matrix Partners China, Xianghe Capital, Jiukun Venture Capital, Look Capital, IDG Capital and 7 other investors.

Sand.ai valuation by funding round

Sand.ai valuation by funding round
DateStageValuation
Jun 2026Series B$1B

Sand.ai Funding History

Sand.ai has raised a total of $250M across 2 funding rounds.

Sand.ai's first fundraising round was a $50M undisclosed-stage round in April 2026. The most recent completed round was a $200M Series B in June 2026.

Sand.ai funding rounds

Sand.ai funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series BMatrix Partners China; Xianghe Capital; Jiukun Venture Capital; Look Capital; IDG Capital; Sinovation Ventures; Angel Plus China; Capital Today; CAS Star; Huaye Tiancheng Capital; Source Code Capital; MSA Capital$200M$1BSand.ai, a Chinese video-generation company, closed a USD 200 million Series A+ round on 5 November 2026 that pushed its valuation above USD 1 billion. Reports name Cornerstone Capital (Co-Stone Venture Capital) and Wangsu Science & Technology among the lead investors, with NetEase and Shanghai state-capital funds also participating. It was the company's third financing round of 2026 and brought its fundraising over ten months to about USD 300 million. Sand.ai develops video-generation models, including the autoregressive Magi-1, the audio-video model GAGA-1 and the MAGI-2 preview. The company was founded in 2024 by Marr Prize winner Cao Yue.
Apr 2026Undisclosed stage-$50M--

Who has invested in Sand.ai?

12 investors have backed Sand.ai across its funding rounds, including IDG Capital, Matrix Partners China, Sinovation Ventures, Source Code Capital, CAS Star and Angel Plus China.


Sand.ai Investors

Investors in Sand.ai by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix Partners ChinaChinaBeijing1ParticipantJun 2026
Xianghe CapitalChinaBeijing1ParticipantJun 2026
Jiukun Venture CapitalChinaBeijing1ParticipantJun 2026
Look CapitalSingaporeSingapore1ParticipantJun 2026
IDG CapitalHong KongHong Kong1ParticipantJun 2026
Sinovation VenturesChinaBeijing1ParticipantJun 2026
Angel Plus ChinaChinaBeijing1ParticipantJun 2026
Capital TodayChinaShanghai1ParticipantJun 2026
CAS StarChinaXi'an1ParticipantJun 2026
Huaye Tiancheng CapitalChinaShenzhen1ParticipantJun 2026

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Sand.ai Competitors

Sand.ai competitors include listed companies like Beijing CTJ Info Tech and Appier Group, and private ones like AA-I Technologies, Adept AI, Aibee and Amperity.

Public and private companies comparable to Sand.ai
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AA-I TechnologiesIsraelIsraelPrivate--$1B-
Adept AIUnited StatesSan Francisco, CAPrivate--$1B-
AibeeChinaBeijingPrivate--$1B-
AmperityUnited StatesSeattle, WAPrivate$70M-$1B14.3x
Beijing CTJ Info TechChinaChinaPublicly listed$124M$13M$939M5.0x
Appier GroupJapanJapanPublicly listed$277M$43M$860M2.4x

Sand.ai Public Comps

Sand.ai is still privately-owned, but its public comps include Beijing CTJ Info Tech, Appier Group, Wenge AI, Rackspace, PKSHA Technology, Rezolve AI, Fractal Analytics, Datasection, PCITECH and Beijing Hanyi Innovation.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Beijing CTJ Info Tech$124M$13M5.5x5.0x53.5x33.8x
Appier Group$277M$43M2.9x2.4x18.7x12.9x
Wenge AI$61M($20M)17.2x-(51.6x)-
Rackspace$2.7B$244M1.4x1.5x15.6x13.4x
PKSHA Technology$138M$46M3.9x2.2x11.5x9.8x
Rezolve AI$47M($109M)14.7x2.2x(6.3x)(12.0x)
Fractal Analytics$351M$50M3.8x3.4x26.1x20.2x
Datasection$212M$27M2.1x2.1x16.8x17.0x

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Common questions about Sand.ai

When was Sand.ai founded?Sand.ai was founded in 2023.
Where is Sand.ai headquartered?Sand.ai is headquartered in Beijing, China.
Is Sand.ai publicly listed?No, Sand.ai is a private, VC-backed company.
What is Sand.ai's valuation?Sand.ai was last valued at $1B in its Series B in June 2026.
How much funding has Sand.ai raised?Sand.ai has raised $250M across 2 funding rounds.
What was Sand.ai's last funding round?Sand.ai's last funding round was a $200M Series B in June 2026.
Who are Sand.ai's investors?Sand.ai's investors include Matrix Partners China, Xianghe Capital, Jiukun Venture Capital, Look Capital, IDG Capital, Sinovation Ventures, Angel Plus China, Capital Today, CAS Star, Huaye Tiancheng Capital and 2 others.
Which companies are comparable to Sand.ai?Companies comparable to Sand.ai include AA-I Technologies, Adept AI, Aibee, Amperity, Beijing CTJ Info Tech and Appier Group.

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