According to CoinMeta, video generation foundation model company sand.ai has announced the completion of a $200 million Series A+ financing round, with a total of $300 million raised in 10 months. This financing round was co-led by Cornerstone Capital and NetEase Cloud Technology, with participation from Times Capital, Panlin Capital, Dongzheng Capital, and others. Tianchuang Capital, along with Shandong Tietou Investment and Shandong Railway Fund, also made strategic investments. Pudong Venture Capital, Shanghai Guofang, and other institutions joined in, while existing investors such as Matrix Partners, Huaye Tiancheng, and Zhongke Chuangxing continued to increase their stakes. The funds raised will be used for the research and development of video foundation models, the construction of training and inference infrastructure, product iteration, and global market expansion. The company's new generation of MOE architecture video generation foundation model Magi-2 official version is set to be released soon. The previously released and open-sourced Magi-2 Preview has a total of about 114B parameters, with each forward calculation activating approximately 6B parameters. The inference cost for generating a 10-second 1080p video after distillation is 0.5 yuan. The company's video generation product Vidmuse has been online for two months and has already generated over $10 million in revenue.