Singapore-based AI video-generation startup PixVerse has raised $439 million through its Series C extension, taking the total funding in the round to the same amount and pushing the company’s valuation beyond $2 billion. The startup plans to use the fresh capital to expand its world model capabilities and grow its customer base across international markets.
PixVerse completed the initial tranche of its Series C funding in March, led by CDH Investments. Although the company did not disclose the amount raised at the time, it had reported that the round was valued at around $300 million.
The latest extension 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, the venture arm of OCBC, also participated in the round.
Founded in 2023 by Wang Changhu and Jaden Xie, PixVerse has rapidly emerged as a major player in the AI video-generation market. Before launching the company, Changhu worked on computer vision technologies at ByteDance, while Xie served as an executive director at investment firm Lighthouse Capital.
PixVerse currently offers multiple AI models tailored to different user segments. Its V-Series supports consumer applications and APIs, while the C-Series targets professional filmmaking and commercial production workflows. Earlier this year, the company also introduced its R-Series world models designed for game development and virtual world creation.
The platform enables users to generate videos with integrated audio in resolutions of up to 4K. According to the company, its consumer platform has attracted more than 150 million registered users and over 15 million monthly active users. While PixVerse declined to disclose the number of paying subscribers, it currently charges $4.80 per minute for image-to-video generation.
Discussing the competitive landscape, Jaden Xie, Co-founder, PixVerse, said only a handful of companies currently possess the technology required to produce high-quality AI-generated videos.
“OpenAI exited the business when they shut down Sora 2. Other companies like Meta and Tencent are not able to create high-quality video models. So there are only a few companies that can meet the quality bar,” he said.
Xie also said that PixVerse sees significant opportunities in both consumer and enterprise markets, as individuals increasingly create AI-generated entertainment content while businesses adopt AI video for marketing, training and creative production.
However, the company believes its competitive edge extends beyond model quality. Instead, PixVerse attributes its advantage to its proprietary data-labelling capabilities.
“We think the key difference is not in data but in how you label it, because data is available everywhere. My co-founder worked at ByteDance, where he built core visual understanding technology behind TikTok using AI. Using this tech, TikTok was able to label data accurately and build a strong recommendation algorithm. This experience comes in handy when building a video-generation platform,” Xie said.
Looking ahead, PixVerse plans to accelerate its global enterprise expansion. The startup has already partnered with Alibaba to deploy its AI video-generation capabilities across enterprise use cases.
Additionally, the company intends to launch a new V-Series video-generation model and introduce the next version of its world model later this year. PixVerse currently employs around 150 people across offices in Singapore, Beijing and Shanghai and plans to recruit more AI researchers and go-to-market professionals using the newly raised capital.
Despite its rapid growth, PixVerse faces intensifying competition in the AI video-generation market. Rivals include ByteDance’s Seedance; Video Rebirth, founded by former Tencent AI executive Dr. Wei Liu; and Kling AI, as well as Western competitors such as Midjourney, Runway and Luma. Meanwhile, several companies, including startups led by Yann LeCun and Fei-Fei Li, are also developing next-generation world models.
With its latest funding round, PixVerse has significantly strengthened its financial position as it competes in the fast-growing AI video-generation market. The company now aims to expand globally, accelerate product innovation and establish itself as a leading provider of AI-powered video and world model technologies.
