PixVerse, a video generation startup based in Singapore, has successfully raised a staggering $439 million in its Series C extension. This significant funding boost has propelled the company's valuation beyond $2 billion, an impressive milestone for a company that only started operations in 2023.
The Series C extension, which follows an earlier raise of around $300 million led by CDH Investments in March, attracted a diverse range of investors. New backers include Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha. Earlier investors iGlobe Partners and OCBC’s Lion X Ventures also returned, showcasing their ongoing confidence in PixVerse's potential. Alibaba's involvement is especially notable as it signals a deeper strategic partnership, given the tech giant's existing collaboration with PixVerse to integrate video-generation features.
Founded by Wang Changhu and Jaden Xie, PixVerse has quickly gained traction in the market. Changhu’s background with ByteDance in computer vision and Xie's experience in investment at Lighthouse Capital form a powerful foundation for their venture. The company's product lineup includes three distinct model lines: the V-Series for consumer applications, the C-Series targeting professional film and commercial production, and the R-Series which focuses on world models for game development.
Since its inception, PixVerse has attracted over 150 million registered users, with approximately 15 million of those actively engaging each month. The company's ambitious plans for the remainder of the year include launching new products and expanding its global footprint.
This material is for informational purposes only and does not constitute financial advice.
