PixVerse, a Singapore-based video-generation startup, announced today that it has raised $439 million in its Series C extension round, pushing its valuation past $2 billion. The company said the new funding will help it expand its world model offerings and reach customers globally. PixVerse previously closed its initial Series C round in March, led by CDH Investments, with Bloomberg reporting the amount to be in the range of $300 million.
The extension round includes investments from Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, alongside returning investors iGlobe Partners and OCBC’s Lion X Ventures. PixVerse was founded by Wang Changhu and Jaden Xie in 2023. Changhu previously worked at ByteDance on computer vision, and Xie was an executive director at investment firm Lighthouse Capital.
PixVerse offers multiple models, including a V-Series video model for consumer and API use, a C-Series video model for professional film and commercial workflows, and an R-Series of world models for game development and world building, released earlier this year. Through its tool, users can generate videos in up to 4k resolution with audio baked in. The startup said its consumer product has over 150 million registered users and over 15 million monthly active users.
Source: techcrunch
