TMTPOST — Generative artificial intelligence startup Meshy raised nearly $400 million in a Series B financing round on Monday, pushing its post-money valuation past 10 billion yuan ($1.38 billion). The financing round was backed by IDG Capital, Matrix Partners China, and Monolith Management, with existing shareholders including Granite Asia, Sequoia China, BAI Capital, and Source Code Capital oversubscribing their allocations. Representing the largest single transaction in the three-dimensional artificial intelligence sector to date, the capital raise sets new historical benchmarks for both single-round financing size and enterprise valuation. Meshy plans to deploy the fresh capital primarily to accelerate multimodal foundation model research, enhance core algorithmic infrastructure, and expand its commercial sales footprint across global enterprise markets. Capital allocation within spatial computing has pivoted toward native generative tools as video game studios, film productions, and spatial hardware developers seek to lower asset creation costs. Traditional polygon modeling and texturing require extensive manual labor, creating significant structural bottlenecks in digital asset pipelines for interactive virtual environments. By synthesizing complex three-dimensional assets from simple text and image inputs, foundational spatial models enable developers to streamline workflows and compress commercial software development cycles. This capital milestone underlines how specialized generative model developers are transitioning from experimental tools into core infrastructure for global digital content production.