TECH NEWS

Video generation startup PixVerse raises $439M, valuation soars past $2B

Singapore-based video generation startup PixVerse said today that it has closed its Series C extension, with a total of $439 million raised in the round. The company told TechCrunch that, with the new tranche of funding, its valuation has crossed over $2 billion. With the cash, the company aims to expand its world model offering and reach customers across geographies.

The company closed its initial Series C round in March, led by CDH Investments. While it didn’t disclose the funding amount, Bloomberg reported it to be in the range of $300 million. PixVerse said that investors in the extension round include Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, joining returning investors iGlobe Partners and OCBC’s LionX Ventures.

The company was founded by Wang Changhu and Jaden Xie in 2023. Changhu previously worked at ByteDance on computer vision, and Xie was an...

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Singapore-based and Alibaba-backed video generation startup PixVerse says it closed a Series C extension to raise $439M total for the round, valuing it at $2B+

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Singapore-based and Alibaba-backed video generation startup PixVerse says it closed a Series C extension to raise $439M total for the round, valuing it at $2B+