PixVerse Raises $439M Series C Extension, Valuation Exceeds $2B

AI video startup PixVerse raises a $439M Series C extension, pushing its valuation over $2B. The Singapore-based company, which has over 150M registered users, will use the funds to expand its world models and global reach. Citing its founders' experience at ByteDance, PixVerse claims its data labeling technology provides a key advantage over competitors like Meta, Tencent, and Runway.

Series C extension funding

• ▪Following the new funding, PixVerse's valuation has exceeded $2 billion
• ▪Singapore-based video generation startup PixVerse raised $439 million in a Series C extension
• ▪Investors in the extension round include Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha
• ▪PixVerse plans to use the new funds to expand its world model offering, global customer reach, and hire more researchers

Video generation models

• ▪The company's tools can generate videos in up to 4k resolution with audio included
• ▪PixVerse plans to launch a new V-series model and a new version of its world model in 2026
• ▪PixVerse offers a V-Series model for consumers, a C-Series model for professional film, and an R-Series of world models for game development

User metrics

• ▪The company has 150 employees in offices located in Singapore, Beijing, and Shanghai
• ▪PixVerse's consumer product has over 150 million registered users and more than 15 million monthly active users

Pricing structure

• ▪The company declined to disclose the number of its paying users
• ▪PixVerse charges $4.80 per minute of generation for its image-to-video service

Data labeling technology

• ▪Co-founder Wang Changhu previously worked at ByteDance, where he built core visual understanding technology for TikTok
• ▪Co-founder Jaden Xie stated that PixVerse's key advantage is its method of labeling data, not just the data itself

Market competition

• ▪Co-founder Jaden Xie claimed that competitors like Meta and Tencent are unable to create high-quality video models
• ▪PixVerse was founded in 2023 by Wang Changhu, formerly of ByteDance, and Jaden Xie, a former investment executive
• ▪Competitors in the video generation market include ByteDance's Seedance, Video Rebirth, Kling AI, Midjourney, Runway, and Luma