Meshy raised ~$400M Series B to replace the 3D asset pipeline.

Positioned as replacing asset creation for game studios and enterprises rather than demoing it (Tech Startups). Same roundup: SkyPilot took $20M seed from Lux to orchestrate compute across hyperscalers, neoclouds, Kubernetes, and mixed accelerators; Augustus raised $180M from Tiger Global pairing an API-first software layer with a conditional US national bank charter. The through-line investors are underwriting is software plus a defensible asset: a pipeline, a scarce resource, or a regulatory position. Pure software isn't clearing the bar.