Chinese startup founded by gamer raises $200 mn, becomes unicorn

Chinese startup Vast, which was founded by a 29-year-old gamer, raised nearly $200 million to gain a valuation of $1 billion and become a unicorn. Vast, backed by both Alibaba and Baidu, develops Tripo Studio, helping developers generate 3D models from image and text prompts. The latest funding round was led by Ince Capital and saw investments from Genesis Capital.