VAST, also known as Sanqi Wanwu, has completed B and B+ funding rounds totaling about RMB 3 billion, led by Matrix Partners. Participating investors included Perfect World, BlueFocus, Xindongneng Investment, Yanqu Games, ThunderSoft, 37 Interactive Entertainment, CDH VGC, CICC Capital and CMC Capital, while existing backers Fortune Capital, Primavera Capital and INCE Capital also increased their stakes. VAST said its fundraising had reached about RMB 5 billion in less than six months. The company also released Tripo P2.0, the latest version of its flagship Tripo P series 3D foundation model. Proceeds will support upgrades to 3D-native models and data capabilities, expanded training and inference infrastructure, product development and commercialization.