Video generation startup PixVerse raises $439M, valuation soars past $2B
Singapore-based startup PixVerse has raised $439 million in a Series C extension, pushing its valuation past $2 billion. The company plans to use the funds to expand its video generation models and reach a broader global customer base.
Why it matters
This significant funding round underscores the intense investor interest and rapid growth in the generative AI video market.
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.
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