PixVerse Raises $439M as AI Video Startup Tops $2B Valuation

PixVerse said it closed a Series C extension that brings the round to $439 million. The Singapore-based video-generation startup told TechCrunch the new tranche pushes its valuation past $2 billion.

The company says the cash will support expansion of its world model offering and help it reach customers across more geographies. For readers tracking AI funding, the key takeaway is that video generation and world models remain major targets for growth capital.

PixVerse closed its initial Series C in March, led by CDH Investments, though it did not disclose the amount at the time. TechCrunch notes that Bloomberg reported the initial round was in the range of $300 million.

Investors in the extension include Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha. Returning investors include iGlobe Partners and OCBC’s Lion X Ventures.

Founded in 2023 by Wang Changhu and Jaden Xie, PixVerse offers several model lines for different users. Its V-Series supports consumer and API video generation, its C-Series targets professional film and commercial workflows, and its R-Series focuses on world models for game development and world building.

The company says users can generate videos in up to 4K resolution with audio included. It also says its consumer product has more than 150 million registered users and more than 15 million monthly active users, while declining to specify how many are paying users.

PixVerse plans to expand enterprise outreach globally and already has a deal with investor Alibaba to deploy video-generation features. The company also plans to launch a new V-Series video model and release a new version of its world model this year.

TechCrunch reports PixVerse has 150 employees across offices in Singapore, Beijing, and Shanghai. With the new funding, it aims to hire more researchers and people in go-to-market roles as competition grows across AI video and world-model startups.