PixVerse Raises $439 Million and Hits $2 Billion Valuation in AI Video Push
The Singapore startup lets users generate 4K video from a single image. Alibaba is already a customer, and 150 million people have signed up.
Key points
- PixVerse closed a Series C extension in 2025, bringing total funding in the round to $439 million.
- The company's valuation crossed $2 billion after the new funding closed.
- PixVerse reports 150 million registered users and 15 million monthly active users on its consumer product.
- New investors include Alibaba, Mirae Asset, and BlueFocus, joining returning backers from the initial round.
- The company charges $4.80 per minute of generation for its image-to-video tool.
A Singapore-based startup that turns still images and text into video has raised $439 million and crossed a $2 billion valuation, putting it firmly in the conversation about who will define the next wave of AI-generated media.
PixVerse, founded in 2023, closed the extension of its Series C round this week. The initial slice of that round, led by investment firm CDH Investments and reported by TechCrunch AI to be around $300 million, closed in March. The new tranche adds a fresh set of backers: Alibaba, Mirae Asset, BlueFocus, and several other funds.
The product itself is a video generation platform. Users upload a photo or type a description, and the tool produces a video clip, at up to 4K resolution, with sound already included. No editing skills required.
The company offers three model lines. The V-Series handles everyday consumer and developer use. The C-Series targets professional film and advertising workflows. The R-Series, released earlier this year, is aimed at game developers and anyone building simulated environments, what the industry calls a "world model," meaning AI software that can construct a consistent, navigable virtual space rather than just a short clip.
Those numbers are genuinely large. One hundred and fifty million registered users is a real signal of mainstream reach, even if the company declined to say how many of those users pay.
Co-founder Jaden Xie argues the competitive edge is not raw data but how PixVerse labels it. His co-founder Wang Changhu spent years at ByteDance building the visual understanding technology that powers TikTok's recommendation system. That experience, Xie says, means PixVerse can tag and categorise training footage in ways rivals cannot easily copy.
Xie also made a pointed claim: that OpenAI, the maker of ChatGPT, has exited the video generation market after shutting down Sora 2, its own video tool, leaving space for a small group of serious contenders.
The competitive field is still crowded. ByteDance has its own Seedance model. Runway, Midjourney, and Luma are active in Western markets. Several other well-funded teams are racing to build world models.
PixVerse has 150 employees across Singapore, Beijing, and Shanghai. The new funding goes toward hiring researchers and sales staff, and toward expanding the Alibaba deal that already brings enterprise customers to the platform.
What does this mean for ordinary people using AI video tools?
If you use or plan to use an AI video generator, competition at this level is good news for you. More well-funded rivals pushing on quality and price tends to drive down costs and improve results. The $4.80-per-minute rate PixVerse currently charges is already low by industry standards, and that pressure is likely to increase as more players scale up.
