PixVerse Raises $439 Million As Video AI Valuation Tops $2 Billion
Singapore-based PixVerse has raised $439 million across a Series C extension and earlier funding, pushing its valuation above $2 billion, according to TechCrunch. The video-generation startup lists more than 150 million registered users and 15 million monthly active users, while paying-user totals, enterprise revenue and independent benchmark results remain outside the public record.
Singapore-based PixVerse has raised $439 million across a Series C extension and earlier funding, with TechCrunch reporting that the video-generation startup now values itself above $2 billion.
The new capital is earmarked for video models, world-model development and international enterprise sales.
The startup told TechCrunch that its consumer product has more than 150 million registered users and more than 15 million monthly active users, but the public record does not identify how many users pay for the service.
Series C Extension Adds Alibaba And Returning Backers
Alibaba was named as one of the new investors in the extension, alongside financial and strategic backers from Asia and other markets.
The investor list also includes returning backers iGlobe Partners and OCBC's Lion X Ventures.
The initial Series C round closed in March and was led by CDH Investments, according to TechCrunch.
The initial amount was not disclosed; Bloomberg reported that it was in the range of $300 million.
Wang Changhu and Jaden Xie founded the company in 2023, according to TechCrunch.
Changhu previously worked on computer vision at ByteDance, while Xie was an executive director at Lighthouse Capital.
Product Line Covers Consumer, Film And Game Workflows
The product lineup is organised into three model families.
The V-Series is used for consumer and API video generation, the C-Series is aimed at professional film and commercial workflows, and the R-Series covers world models for game development and world building.
The R-Series was released earlier this year, TechCrunch reported.
The service can generate videos in up to 4k resolution with audio included, and image-to-video generation is priced at $4.80 per minute.
Xie told TechCrunch that the business sees opportunity in both consumer and enterprise markets.
Consumers are creating short AI-generated video for entertainment, while enterprise users apply video generation to creative, learning and marketing work.
Alibaba Deal Gives Deployment Evidence Without Revenue Detail
The startup already has a deal with investor Alibaba to deploy video-generation features.
TechCrunch did not describe the arrangement as a revenue figure or name the customers that will use the features.
A new V-Series model and a new version of the world model are planned for this year.
The business has 150 employees across Singapore, Beijing and Shanghai, and said the new funding will support research hiring and go-to-market roles.
The competitive set listed by TechCrunch includes ByteDance's Seedance, Dr. Wei Liu's Video Rebirth and Kling AI in Asia, alongside Midjourney, Runway and Luma in Western markets.
Startups linked to Yann LeCun and Fei-Fei Li are also building world models.
Xie attributed the technical focus to labelling rather than data access alone.
He told TechCrunch that ByteDance experience in visual understanding and recommendation technology helped shape the company's approach to video-generation systems.
PixVerse has disclosed funding, valuation, registered users, monthly active users and model plans.
Paying-user totals, enterprise customer revenue, Alibaba deployment scope and independent benchmark results for the video models remain undisclosed.
