Meshy Series B values AI 3D startup at $1.5 billion

Meshy raised a nearly $400 million Meshy Series B at a $1.5 billion valuation, giving the AI 3D creation company fresh capital to sell faster asset generation to game studios, 3D printing companies and enterprise users. The company said the financing is the largest disclosed round to date for a dedicated AI 3D company, a claim that has not been independently verified.

The round was led by IDG Capital, Matrix Partners China and Monolith Management. Existing investors Granite Asia, HongShan, BAI Capital and Source Code Capital also participated, and Meshy said those backers oversubscribed their allocations. The company did not disclose annual recurring revenue, but said ARR rose about 12-fold year over year.

Meshy was founded in 2023 by Ethan Hu, an MIT PhD in computer graphics. The valuation is the company’s first disclosed one.

What does Meshy do?

Meshy turns text prompts or uploaded images into 3D assets. The company says its platform can generate a usable model in about one minute at roughly $1 per model, compared with workflows that have often required specialist software, trained designers and days or weeks of manual work.

The company says its files support common 3D formats including FBX, OBJ, GLB and STL. Meshy also claims more than 12 million registered users and more than 100 million AI-generated models created on the platform.

The product emphasis is narrower than the broader “world model” pitch used by some generative AI companies. Meshy says it focuses on watertight, physically manufacturable geometry and cites a 97% slicer success rate for 3D printing. That matters for customers trying to move generated objects into games, production pipelines or printers rather than using them as concept art.

Who funded Meshy?

The investor list is heavily tied to China-headquartered or China-focused funds. That pattern is not limited to Meshy. Rival Tripo AI raised nearly $200 million across Series A and A+ financing on June 1, 2026, then added $150 million in a Series A3 round on July 2. Tripo’s named backers include Geely Capital, 4399 Network, Tanwan, Giant Network and Fosun Capital.

Chinese trade outlet BigGo Finance has described Meshy as Beijing-based and noted Hu’s training at Tsinghua’s Yao Class before MIT. Meshy’s own materials list its headquarters as Silicon Valley, California, while Hu’s LinkedIn profile places him in Sunnyvale. Those descriptions are not necessarily inconsistent, but the geography of the company and its capital base will be relevant for Western enterprise buyers assessing procurement and data risk.

Where does Meshy fit in AI 3D?

Meshy said its technology is used by teams inside five of the world’s 10 largest technology companies by market capitalization or valuation. It also named gaming companies Nexon, NetEase Games and 37 Interactive Entertainment, along with 3D printing brands Bambu Lab, Creality, Elegoo, FlashForge and xTool, as users. The company did not identify the five large technology companies.

Alongside the financing, Meshy launched Meshy 3D Agent, which it calls an AI agent for 3D creation. It also introduced Auto Split for multi-part 3D printing, Smart Topology for geometry generation in about 10 seconds and 8K Texture for game assets.

The category is attracting larger checks as generative AI expands beyond text and images. Luma AI is reported by industry analysts to be approaching a round near $900 million, though that has not been confirmed by the company. 3D AI Studio’s 2026 industry report estimates the generative AI 3D-assets market at $3.23 billion in 2026 and projects it will reach $9.4 billion by 2030, implying a roughly 31% compound annual growth rate.

This story draws on original reporting from TechFundingNews.