Industry Briefing
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PixVerse Secures $439M in Series C Extension, Valuation Exceeds $2B
Singapore-based video-generation startup PixVerse announced the closure of its Series C extension, raising a total of $439 million. This funding has propelled its valuation past $2 billion, enabling the company to enhance its world model offerings and expand its customer base globally. The significance of this funding round lies in PixVerse's ambition to solidify its position in the competitive video generation market. Founded in 2023 by Wang Changhu and Jaden Xie, the company has already attracted notable investors, including Alibaba and Lollapalooza Capital, and boasts over 150 million registered users for its consumer product. Looking ahead, PixVerse plans to launch a new V-Series model for video generation and a new version of its world model within the year. The company is also focused on expanding its enterprise outreach and hiring additional researchers to support its growth strategy. No further timeline was disclosed at the time of publication.
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