According to CoinMeta, Sand.ai has announced the completion of two rounds of financing, totaling over $100 million. The investors include Look Capital, Lollapalooza Capital, Jiukun Venture Capital, Matrix Partners, Heyu Capital, Innovation Works, Source Code Capital, IDG, Baidu Venture Capital, and several other top-tier institutions. Starhan Capital served as the financial advisor for this round of financing. Cao Yue, the founder of Sand.ai, stated that the team adheres to the self-regressive video generation approach and plans to release an open-source MoE large model in July. This model has a total of approximately 114 billion parameters, but only about 6 billion are activated at a time. It supports text-to-video and image-to-video generation, and is capable of producing images, dialogue, music, and environmental sounds simultaneously.