Singapore-based video-generation startup PixVerse announced on July 14, 2026, that it has closed a Series C extension round totaling $439 million, pushing its valuation past $2 billion. The company said it will use the funds to expand its world model offering and grow its customer base across geographies.
PixVerse had previously closed its initial Series C in March, led by CDH Investments, which Bloomberg reported at approximately $300 million. New investors in the extension include Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, alongside returning investors iGlobe Partners and OCBC’s Lion X Ventures.
The company was founded in 2023 by Wang Changhu and Jaden Xie. Changhu previously worked at ByteDance on computer vision, while Xie served as executive director at investment firm Lighthouse Capital. PixVerse currently has 150 employees across offices in Singapore, Beijing, and Shanghai.
PixVerse offers a V-Series video model for consumer and API use, a C-Series model for professional film and commercial workflows, and an R-Series of world models for game development, released earlier this year. Its platform supports video generation at up to 4K resolution with audio, and charges $4.80 per minute for image-to-video generation. The company reports over 150 million registered users and more than 15 million monthly active users, though it declined to disclose how many are paying customers.
Co-founder Xie cited data labeling — not data availability — as the company’s core differentiator, drawing on techniques developed at ByteDance for TikTok’s recommendation algorithm. He also noted that the competitive field has narrowed, pointing to OpenAI shutting down Sora 2 and what he described as quality limitations at Meta and Tencent.
With the new funding, PixVerse plans to hire additional researchers and go-to-market staff, launch a new V-Series model, and release an updated world model. The company already has a deployment deal with investor Alibaba. Competitors in the space include ByteDance’s Seedance, Kling AI, Midjourney, Runway, and Luma, among others.
Source: TechCrunch