PixVerse hits $2B valuation with $439M Series C extension

Singapore-based video generation startup PixVerse has completed an extended Series C funding round worth $439 million, pushing its valuation past the $2 billion mark. The infusion is meant to fuel expansion of its world model technology and strengthen its foothold in international markets.

The funding landscape#

PixVerse's initial Series C closed in March under the leadership of CDH Investments, with reporting suggesting that round alone brought in roughly $300 million. The extension phase brought on a fresh roster of backers including Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, alongside prior supporters iGlobe Partners and OCBC's LionX Ventures.

Building the team and product#

The company, launched in 2023 by Wang Changhu (who worked on computer vision at ByteDance) and Jaden Xie (formerly an executive director at Lighthouse Capital), currently operates 150 staff across Singapore, Beijing, and Shanghai. The new capital will go toward recruiting additional researchers and go-to-market specialists.

PixVerse offers a range of tools for different use cases: a V-Series for consumer and API-based generation, a C-Series targeting professional film and advertising workflows, and an R-Series of world models designed for gaming and virtual environments. Its platform generates video at up to 4K resolution with integrated audio and processes images into video at a competitive rate of $4.80 per minute.

Market position and momentum#

The startup boasts over 150 million registered users and 15 million monthly active users on its consumer offering, though it hasn't revealed the breakdown of paying accounts. Xie framed PixVerse's competitive edge around data labeling expertise—a capability honed at ByteDance—rather than simply having access to more raw data. According to him, "the key difference is not in data, but how you label it, because data is available everywhere."

Xie also argues that video generation remains a relatively consolidated field despite high commercial interest. With OpenAI having shuttered Sora 2, and major players like Meta and Tencent struggling to produce comparable quality, he contends that only a handful of companies have cleared the technical bar.

What's ahead#