PixVerse, a Singapore-based AI video-generation startup, closed a Series C extension totaling $439 million, pushing its valuation above $2 billion. The round included investors Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus and CloudAlpha, alongside returning backers iGlobe Partners and OCBC’s Lion X Ventures, following an initial Series C led by CDH Investments in March.
Founded in 2023 by Wang Changhu, a former ByteDance computer vision researcher, and Jaden Xie, previously an executive director at Lighthouse Capital, PixVerse offers a range of AI video models spanning consumer applications, professional film production, and world-building tools for game development. The company said its consumer product has surpassed 150 million registered users and 15 million monthly active users, with video generation available at up to 4K resolution.
Xie said the video-generation market remains limited to a small number of capable players, noting that OpenAI exited the space after discontinuing Sora 2 and that competitors including Meta and Tencent have struggled to match quality benchmarks. He attributed PixVerse’s advantage to its data-labeling techniques, drawing on Changhu’s prior work developing visual recognition technology at ByteDance.
With the new funding, PixVerse plans to expand enterprise partnerships globally, including an existing deployment agreement with Alibaba, while releasing new video and world-model products and growing its 150-person team across Singapore, Beijing and Shanghai.
