PixVerse Raises $439M, Valued at $2B: AI Video Generation Race Heats Up
Photo: TechCrunch
Quick answer
PixVerse raised $439 million in Series C funding, achieving a valuation over $2 billion. The startup develops AI technologies for video generation and gaming world creation, competing with industry leaders like…
Singapore-based AI startup PixVerse, founded in 2023 by former ByteDance* employees and Lighthouse Capital, has closed a $439 million Series C funding round. The company's valuation now exceeds $2 billion, reflecting strong investor interest in AI-driven video generation.
Funds will be allocated to technology development, including models for video and gaming world creation. PixVerse offers multiple solutions: V-Series for consumers and API access, C-Series for professional video production, and R-Series tools for game and virtual world development. The platform supports video generation up to 4K resolution with built-in audio.
According to the company, its consumer product has over 150 million registered users and 15 million monthly active users. Video generation from images costs $4.80 per minute. Founders highlight PixVerse's key advantage—data annotation technologies developed during their tenure at ByteDance*.
The AI video generation market is becoming increasingly competitive, with rivals including ByteDance* (Seedance), Kling AI, and Western players like Midjourney and Runway. PixVerse aims to strengthen its position by expanding into the corporate segment and entering new geographic markets. In 2024, the company plans to launch an updated V-Series and a new model for gaming worlds.
Common questions
- What technologies does PixVerse develop?
- PixVerse develops AI models for video generation (V-Series and C-Series) and R-Series tools for gaming world creation and game development. Its technologies support up to 4K resolution with integrated audio.
- Who invested in PixVerse?
- Investors in the round include Alibaba*, Lollapalooza Capital, Ivy Capital, Mirae Asset, and other Asian funds. Returning investors include iGlobe Partners and Lion X Ventures from OCBC.
- What are PixVerse's plans for the near future?
- The company aims to expand its corporate segment, release an updated V-Series, and launch a new model for gaming worlds. It also plans to hire researchers and market entry specialists.
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