Prime Highlights
- PixVerse raised a total of $439 million in its Series C funding round, pushing its valuation above $2 billion.
- The company will use the funding to expand its AI video models, world-model technology and global enterprise business.
Key Facts
- PixVerse is a Singapore-based AI startup founded in 2023 by Wang Changhu and Jaden Xie.
- The platform supports AI-generated 4K videos with audio and serves more than 150 million registered users.
Background
Singapore-based AI video generation startup PixVerse has raised a total of $439 million through its Series C funding round after completing an extension, taking its valuation above $2 billion. The company plans to use the fresh capital to expand its world model technology, grow its global business and strengthen its enterprise offerings.
The extension round attracted investments from Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus and CloudAlpha. Existing investors iGlobe Partners and Lion X Ventures also participated.
Founded in 2023 by Wang Changhu and Jaden Xie, PixVerse develops AI models for consumer, enterprise and game development applications. Its platform allows users to generate videos in up to 4K resolution with built-in audio. The company said it has more than 150 million registered users and over 15 million monthly active users.
PixVerse plans to introduce a new version of its V-Series video generation model and upgrade its world model during the year. It also aims to expand its enterprise business globally and increase hiring in research and go-to-market roles. The company already works with Alibaba to provide AI video generation features.
Jaden Xie said the company believes only a small number of firms can build high-quality AI video models. He added that PixVerse’s main strength lies in its data-labeling technology, which helps improve model performance and video quality.
The AI video generation market is becoming more competitive as companies across Asia and the West continue to launch new models and invest in world-model technology.