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- Sand.ai
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series B | Matrix 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 | $1B | Sand.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 2026 | Undisclosed 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
This data is available for Pro users. Sign up to see all 12 Sand.ai investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSand.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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $70M | - | $1B | 14.3x | ||
| Publicly listed | $124M | $13M | $939M | 5.0x | ||
| Publicly listed | $277M | $43M | $860M | 2.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $124M | $13M | 5.5x | 5.0x | 53.5x | 33.8x | |||
| $277M | $43M | 2.9x | 2.4x | 18.7x | 12.9x | |||
| $61M | ($20M) | 17.2x | - | (51.6x) | - | |||
| $2.7B | $244M | 1.4x | 1.5x | 15.6x | 13.4x | |||
| $138M | $46M | 3.9x | 2.2x | 11.5x | 9.8x | |||
| $47M | ($109M) | 14.7x | 2.2x | (6.3x) | (12.0x) | |||
| $351M | $50M | 3.8x | 3.4x | 26.1x | 20.2x | |||
| $212M | $27M | 2.1x | 2.1x | 16.8x | 17.0x | |||
This data is available for Pro users. Sign up to see all Sand.ai competitors and their valuation data. Start Free Trial | ||||||||
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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