Singapore-based AI video startup PixVerse has extended its Series C funding round to a total of $439 million, TechCrunch reports. The company’s valuation climbs past two billion dollars for the first time. New on board is Chinese tech giant Alibaba, which joins the extension round alongside several other Asian investors.
Alibaba Backs the Series C Extension
PixVerse had initially closed its Series C in March 2026 with about $300 million led by CDH Investments, reaching unicorn status for the first time. The current extension brings the total round size to $439 million, as DealStreetAsia also confirms, citing its own reporting. Besides Alibaba, the funds Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus and CloudAlpha are joining the extension. Existing investors iGlobe Partners and OCBC’s LionX Ventures are increasing their stakes. Neither source discloses the exact size of the new tranche. Between the original Series A in March 2025 and the current round, PixVerse has closed four financing rounds within a little more than a year. The new valuation of more than two billion dollars makes the company one of the highest-valued pure AI video companies in Asia. Combining both reports, more than ten institutional backers now stand behind PixVerse, a marked increase over the original Series C investor group.
PixVerse Grows to More Than 150 Million Users
PixVerse was founded in Singapore in 2023 by Wang Changhu and Jaden Xie. Wang previously worked at ByteDance in computer vision, while Xie comes from the investment business. The company, with around 150 employees, has teams in Singapore, Beijing and Shanghai. More than 150 million registered users now use the platform, of which about 15 million are monthly active. The lineup ranges from the consumer-oriented V-Series to the C-Series, aimed at professional film and advertising production. Added to that is the R-Series, through which PixVerse offers so-called world models for game development. Co-founder Xie attributes the company’s edge over competitors less to the amount of training data than to how it is prepared. What matters, he says, is how data is labeled, since raw data is now widely available. According to PixVerse, its current V5.6 model ranks second worldwide in both text-to-video and image-to-video conversion on the Artificial Analysis benchmark service. Enterprise customers reportedly see costs around 68 percent lower and production times 57 percent shorter compared with traditional video methods.
Fresh Capital Flows Into New Models and Expansion
The company says it plans to invest the new capital in an updated V-Series model, a revamped version of its world models, and the expansion of its enterprise business. Additional researchers and sales teams are to be hired to win customers outside Asia, including in North America. PixVerse thus competes directly with established providers such as Runway, Luma and Kling AI, as well as ByteDance’s video model Seedance. The market for AI-generated video is considered one of the industry’s most capital-intensive segments, since training and serving the models require substantial computing power. With its R-Series world models, PixVerse is also positioning itself in a younger sub-market where interactive, real-time-generated environments for video games are meant to emerge — a field in which several startups founded by well-known AI researchers are also active. Through Series A and Series B, PixVerse had previously raised about $115 million. The total across all rounds to date thus stands at more than $550 million. According to the company, much of that has so far gone into computing infrastructure and building research teams across its three locations.
What will matter is whether PixVerse can convert its user growth into paying enterprise customers, as Runway, Luma and ByteDance offer similar models. It also remains open how viable the business around interactive world models will prove, since this sub-market is still in its early stages. A next step is the announced new V-Series, with which the startup aims to defend its lead in image and video quality.
