PixVerse raises $439M in Series C extension, valuation surpasses $2B

Funding Background

PixVerse, a video generation startup based in Singapore, has secured $439 million in a Series C extension round. This funding boosts its valuation to over $2 billion, a significant increase since its initial Series C round earlier this year, which reportedly raised around $300 million.

Investor Composition

The funding round included participation from new investors such as Alibaba, Lollapalooza Capital, and Mirae Asset, among others, alongside returning investors like iGlobe Partners and LionX Ventures.

Product Offerings

The company offers various models including the V-Series for consumers and API use, and the C-Series targeted towards professional film and commercial workflows. Additionally, the R-Series for game development was launched earlier this year and enables video generation in up to 4K resolution with integrated audio.

Market Positioning

PixVerse claims to stand out in the competitive landscape of video generation, where few companies meet high-quality standards. CEO Jaden Xie expressed confidence in the growth potential within both consumer and enterprise segments, although he notes that many competitors, including OpenAI and Meta, have struggled with quality.

User Engagement

The company reports over 150 million registered users and more than 15 million monthly active users, though it did not disclose specific numbers for paying users. PixVerse offers a pricing model of $4.80 per minute for its image-to-video generation service.