On August 20, Math Magic, an early-stage portfolio company of HyT Capital, announced that it had completed its Series A+ financing. Within less than six months, the company closed two consecutive financing rounds totaling nearly $50 million. Both rounds were co-led by BAI Capital and HyT Capital, with follow-on participation from Yunhui Capital and existing shareholders Sequoia China, IDG Capital, Meituan Longzhu, Qingliu Capital, and Jinqiu Fund.

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On August 19, Hi3D, the one-stop AI 3D creation platform under Math Magic, officially launched V3.0 — introducing the industry's first commercial-grade 2048³ voxel resolution model, once again pushing the SOTA for general-purpose AI 3D models. At the same time, Hi3D opened a 48-hour free trial to users worldwide, inviting everyone to experience the comprehensive leap in high-precision 3D asset reconstruction delivered by the new-generation model.

At the same time, its AI-driven physical goods community Builda has begun preparations for overseas expansion, and its independently incubated app Zaowu Camera has also recently launched. While continuing to expand its user product matrix, the company is accelerating its global go-to-market strategy.

01

Two Rounds in Six Months — Capital Continues to Increase Its Bet

Since its founding in early 2024, Math Magic has completed a total of five financing rounds. In just the past six months, it has secured two consecutive rounds — making this the most notable signal in the current financing process.

Going forward, Math Magic will continue to increase investment across the full chain from AI 3D technology to "generation to physical delivery." On the technology front, it will continue to iterate its AI 3D models, further improving model stability and generalization capability. On the product front, it will advance upgrades to core products including Hi3D, Builda, and Zaowu Camera, lowering the barriers for different users to participate in 3D creation and customized physical production.

On the supply chain front, it will further deepen its end-to-end capabilities from manufacturing to fulfillment, continuously improving the efficiency, stability, and scalability of physical delivery for global markets.

Building on this foundation, the company will also accelerate its global market expansion, bringing its core products to more creators, consumers, and enterprise customers overseas.

02

The Only Company That Combines High-Precision Models with Physical Delivery Capability

In the AI 3D generation space, model technology and supply chain integration capabilities have long been two independent capability systems: the former solves how to generate high-quality 3D content, while the latter solves how to stably and scalably turn digital models into physical goods.

Math Magic is the only company in the AI 3D industry that combines high-precision AI 3D foundation model technology with supply chain integration capabilities extended all the way to physical delivery. This full-chain capability — from "generation" to "delivery" — is also the core logic behind this round's investor interest.

03

Why Choose Math Magic in This Round?

Sun Yelin, Founding Partner of HyT Capital, said: "We are investing in a long-held belief in a paradigm shift — C2F: AI is making 'demand first, production second' possible. We chose Ren Lifeng (also known as 'Juanjuan,' founder and CEO of Math Magic) because we see in him a rare purity and extreme dedication: reworking past methodologies, diving deep into the complex and unfamiliar supply chain, and personally getting involved in every step from technology, product, to production and delivery. The harder the path across AI and physical industry, the more it requires this kind of dedication to see things through to the end."

Wang Kun, AI sector investor at HyT Capital, added: "As AI lowers the barrier to creative generation to near zero, personalized demand will be unleashed at scale. What becomes truly scarce is the ability to reliably and high-quality transform that creativity into physical goods. Math Magic is building exactly that link — from Hi3D's high-precision generation to Builda's scaled delivery, forming a complete closed loop from digital creativity to physical products. We look forward to Juanjuan leading the team to make 'personalized expression' a scalable, replicable industrial capability, and to turn 'content as product' into a new-generation platform paradigm."

04

Hi3D V3.0 Officially Launches — Freeing Modelers from "Starting from Scratch"

Hi3D V3.0, the new-generation self-developed general-purpose model, increases geometric reconstruction resolution to 2048³ voxels, making it the first AI 3D general-purpose model in the industry to achieve commercial deployment at this level of precision — significantly expanding the boundaries of AI 3D applications.

This advancement translates to a redistribution of a modeler's actual workload.

The traditional modeling process is concentrated in two stages: first, blocking out proportions, dynamics, and silhouette with large geometric volumes; then, detailing facial features, hair, fabric textures, and so on. V3.0 can now directly generate complete silhouettes and foundational proportions, replacing the work of building from scratch. For common characters, designer toys, and biological models, the level of detail matches or even exceeds that of some seasoned modelers.

The modeler's focus shifts from "building and refining the overall shape from scratch" to quality control around production risks, structural issues, and style consistency. This efficiency gain extends beyond gaming and film to a broader range of 3D modeling industries and practitioners, raising the baseline across these scenarios.

In addition to its high-precision capabilities, Hi3D will soon launch a "one-click customization to doorstep" service, allowing users — even those without professional modeling experience — to complete the entire process from generation to physical delivery with a single click, further lowering the barrier for everyday users to engage with 3D modeling.

05

Builda and Zaowu Camera: From Creator Community to Mass-Market Entry Point

Builda is Math Magic's AI-powered physical customization community for general users, focused on creation and sharing. Users can generate customized physical items while also participating in community interaction, discovering quality creators, and managing original IP. Builda also provides creators with physical product development capabilities, enabling both personal customization and commercial value for their ideas. With this financing round secured, Builda will simultaneously begin its overseas market expansion.

The independently incubated app Zaowu Camera has recently launched. Users simply upload a photo taken with their phone, and AI generates a custom figurine model. With one click to confirm the purchase, the physical figurine is delivered directly to their doorstep, while also supporting 3D and AR interactive experiences. As the lightest entry point for Math Magic targeting mass-market users and social sharing scenarios, Zaowu Camera further extends the reach of its "content to physical" capability.

Hi3D, Builda, and Zaowu Camera — three product lines sharing the same AI 3D generation engine and physical delivery supply chain — form Math Magic's strategic layout of "one technology foundation, multi-tier product matrix," covering user needs across different levels of engagement, from professional-grade precision tools, to community-based creation and revenue sharing, to a one-click try-on experience for general consumers.

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About Math Magic