- Meshy raises nearly $400 million at a $1.5 billion valuation, which it says is the largest round any dedicated AI-3D company has raised.
- The platform claims to cut 3D asset creation from weeks to about a minute, at roughly $1 per model.
- Nearly every major AI-3D funding round in 2026, including Meshy’s and rival Tripo AI’s, has been backed almost entirely by China-linked capital.
Building a usable 3D model has traditionally meant days of specialist software work, an experienced designer, and a budget line few small studios can justify. Meshy says it has cut that down to about a minute and a dollar, and it has just raised nearly $400 million at a $1.5 billion valuation to prove the point, a round it describes as the largest any dedicated AI-3D company has raised to date.
Meshy’s Series B was led by IDG Capital, Matrix Partners China and Monolith Management, joined by existing backers Granite Asia, HongShan (formerly Sequoia China), BAI Capital and Source Code Capital, all of whom oversubscribed their allocations. It is the company’s first disclosed valuation since Ethan Hu, an MIT PhD in computer graphics, founded it in 2023.
Turning weeks of work into one minute
Creating production-ready 3D models has traditionally required specialised software, experienced designers and days or even weeks of manual work.
Meshy aims to compress that workflow into roughly one minute. Users simply enter a text prompt or upload an image, and the platform generates a usable 3D asset compatible with industry-standard formats including FBX, OBJ, GLB and STL. According to the company, what previously required expensive software and specialist expertise can now cost roughly $1 per model.
That ease of use appears to be resonating. Meshy reports more than 12 million registered users and over 100 million AI-generated models, while its annual recurring revenue has increased approximately 12-fold year over year.
Enterprise adoption gathers pace
Meshy’s investor syndicate is entirely made up of China-headquartered or China-focused funds. That is not unique to Meshy. Tripo AI, its closest direct competitor, raised nearly $200 million in a Series A and A+ round on June 1, 2026, followed by $150 million in a Series A3 round on July 2.
Its backers include Geely Capital, gaming firms 4399 Network, Tanwan and Giant Network, and Fosun Capital, a similarly China-heavy roster. Chinese trade outlet BigGo Finance describes Meshy as Beijing-based with a founder trained at Tsinghua’s Yao Class before MIT, while Meshy’s own release lists its headquarters as Silicon Valley, California, not necessarily a contradiction, since Ethan Hu’s LinkedIn places him in Sunnyvale, but a detail worth confirming directly with the company given how much of this round’s capital originates from China-linked funds.
Crowded field, narrower focus
Meshy says its technology is already being used by teams inside five of the world’s ten largest technology companies by market capitalisation or valuation.
Luma AI, covered by Tech Funding News in the context of Fei-Fei Li’s World Labs raise, is reported by industry analysts to be closing in on a round near $900 million, though that figure has not been officially confirmed. Luma competes more on photorealistic world reconstruction than discrete, printable assets.
TFN has also tracked PixVerse’s $439 million raise and Fal.ai’s $250 million round, both circling the same broader thesis that generative AI is moving past text and images into 3D and interactive worlds.
Meshy differentiates on a narrower, more mundane claim: it optimises for watertight, physically manufacturable geometry, citing a 97% slicer success rate for 3D printing, rather than chasing the broader “world model” ambitions of Luma or World Labs.
AI-generated 3D moves into the mainstream
Alongside the raise, Meshy launched Meshy 3D Agent, which it calls the first AI agent built specifically for 3D creation, plus Auto Split for multi-part 3D printing, Smart Topology for production-ready geometry in about 10 seconds, and 8K Texture for high-resolution game assets.
Meshy reports more than 12 million registered users, over 100 million models generated, and annual recurring revenue up roughly 12-fold year over year. It says its technology is used inside five of the world’s 10 largest technology companies by market capitalisation, alongside gaming studios Nexon, NetEase Games and 37 Interactive Entertainment, and 3D-printing brands Bambu Lab, Creality, Elegoo, FlashForge and xTool.
The generative AI 3D-assets market is estimated at $3.23 billion in 2026, projected to reach $9.4 billion by 2030 at a roughly 31% compound annual growth rate, according to 3D AI Studio’s 2026 industry report.
Whether that growth consolidates around Meshy’s production-first bet or the broader world-model ambitions of Luma and World Labs remains the open question. So does whether an AI-3D funding wave built almost entirely on Chinese capital will keep flowing this freely as Western enterprise procurement grows more cautious about the category.
