WaveSpeedAI

Established in 2025 and based in Hangzhou, China, WaveSpeedAI operates as a technology company that focuses on creating sophisticated AI technologies for media applications. In April 2025, the company closed a round of angel funding. WaveSpeedAI specializes in advanced AI models for image and video generation. Their flagship offering, the HiDream-I1 model, features 17 billion parameters and delivers high-quality image generation in seconds.

Additionally, the company provides a variety of models tailored for specific applications, such as the Wan2. 1 series, which excels in converting images into high-resolution videos with diverse motion capabilities. These products are designed for a broad client base, including businesses in marketing, entertainment, and social media. WaveSpeedAI's models cater to a global market, including major regions such as North America, Europe, and Asia.

WaveSpeedAI operates on a transactional model that includes direct sales of its AI products, with prices structured based on the complexity and capabilities of each model.   The company will use the angel funding to optimize inference engine performance and promote the construction of next-generation AI infrastructure. It aims to expand its product offerings, including new releases that are currently in development, and is targeting growth in new markets, specifically North America and Europe, by the end of 2025.