Alibaba-Backed AI Startup Vast Seeks Fresh Capital, Eyes IPO

Alibaba-Backed AI Startup Vast Seeks Fresh Capital, Eyes IPO


Vast, a Chinese artificial-intelligence unicorn backed by technology titans Alibaba and Baidu, is in talks with investors to get fresh capital, people familiar with the matter say.

The company, which develops tools to generate 3-D models, is looking to raise funds in a round that could bring its valuation to nearly $2.0 billion, one of the people said.

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