Vast Raises ~$200M to Become China's Latest AI Unicorn — Tripo 3D Generation Hits 20M Users

Bloomberg·medium signal

Beijing-based Vast, founded by 29-year-old ex-SenseTime engineer Simon Song, raised ~$200M across Series A and follow-on rounds led by Ince Capital and China Life Insurance, reaching a $1B+ valuation. The company's Tripo Studio generates game-ready 3D assets from text and image prompts with low-polygon frameworks that bypass hours of manual editing. Bloomberg reports 20M users worldwide, primarily in the US and Europe — a rare Chinese AI consumer hit outside China.