Home / Business and Economy / PixVerse Fuels AI Video Growth with $439M Series C Extension
PixVerse Fuels AI Video Growth with $439M Series C Extension
14 Jul
Summary
- PixVerse raised $439 million in its Series C extension funding round.
- The company's valuation now exceeds $2 billion following the new funding.
- PixVerse aims to expand its world model offering and global customer reach.
Singapore-based video generation startup PixVerse announced the closure of its Series C extension funding round, bringing the total raised in the round to $439 million. This significant investment propels the company's valuation beyond $2 billion. The capital infusion is earmarked for expanding its world model offerings and reaching a wider international customer base.
PixVerse, founded in 2023, offers a suite of video generation models, including consumer-focused V-Series and professional C-Series, alongside its R-Series world models for game development. Its consumer product boasts over 150 million registered users and 15 million monthly active users, with image-to-video generation priced competitively at $4.80 per minute.
The company distinguishes itself through its unique data labeling approach, leveraging expertise from co-founder Wang Changhu's background at ByteDance. This strategic focus on labeling aims to enhance AI video quality and recommendation algorithms. PixVerse has already established a partnership with investor Alibaba for deploying its video generation features.
This year, PixVerse intends to launch a new V-series model and an updated world model. The startup, with 150 employees across Singapore, Beijing, and Shanghai, plans to expand its research and go-to-market teams. The rapidly evolving AI video market sees PixVerse competing with established players and emerging startups globally.
