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VAST completes $50 million Series A funding
Universal Artificial Intelligence company VAST today announced that it has completed a $50 million Series A round of financing. This round was co-led by Alibaba and Hengxu Capital, with Yuanhe PuHua, BV Baidu Ventures, Dongfang Jiafu, and others participating as follow-on investors, forming a comprehensive empowerment framework spanning top-tier capital, industry giants, and well-known strategic investors. Existing shareholders Chunhua Venture Capital and the Beijing Artificial Intelligence Industry Fund increased their investment beyond the target. (Kechuangban Daily)