PixVerse has raised a total of $439 million in its Series C extension, with TechCrunch reporting that the Singapore-based video-generation startup now values itself above $2 billion.

The funding gives PixVerse more capital for video models, world-model development and international enterprise sales.

The company told TechCrunch that its consumer product has more than 150 million registered users and more than 15 million monthly active users, but it did not specify how many users pay for the service.

PixVerse Raises $439 Million For Video And World Models

TechCrunch named Alibaba as one of the new investors in the extension, along with financial and strategic backers from Asia and other markets.

The report also listed iGlobe Partners and OCBC's Lion X Ventures as returning investors.

TechCrunch reported that PixVerse's initial Series C round closed in March and was led by CDH Investments.

The company did not disclose that initial amount, while Bloomberg reported that it was in the range of $300 million.

TechCrunch reported that PixVerse was founded in 2023 by Wang Changhu and Jaden Xie.

Changhu previously worked on computer vision at ByteDance, and Xie was an executive director at Lighthouse Capital.

The funding round sits between consumer reach and enterprise proof.

PixVerse has disclosed a large user base, model roadmap and investor list, but the source record does not connect those numbers to paid conversion, subscription revenue or named enterprise deployment volume.

The Product Line Covers Consumer, Film And Game Workflows

PixVerse groups its products into three model families.

The V-Series is used for consumer and API video generation, the C-Series is aimed at professional film and commercial workflows, and the R-Series covers world models for game development and world building.

TechCrunch reported that the R-Series was released earlier this year.

The service can generate videos in up to 4k resolution with audio included.

The company offers image-to-video generation at $4.80 per minute, according to TechCrunch, while leaving the paid-user count outside the public record.

Xie told TechCrunch that PixVerse sees opportunity in both consumer and enterprise markets.

He said consumers are creating videos for fun and watching short AI-generated video, while enterprises are using video generation for creative, learning and marketing work.

Alibaba Deal Gives PixVerse Deployment Evidence

The startup already has a deal with investor Alibaba to deploy its video-generation features.

TechCrunch did not describe the Alibaba arrangement as a revenue figure or name the customers that will use the features.

PixVerse plans to launch a new V-Series model and a new version of its world model this year.

The company has 150 employees across offices in Singapore, Beijing and Shanghai, and said the new funding will support research hiring and go-to-market roles.

The competitive field remains crowded.

TechCrunch listed ByteDance's Seedance, Dr. Wei Liu's Video Rebirth and Kling AI in Asia, alongside Midjourney, Runway and Luma in Western markets.

It also said startups linked to Yann LeCun and Fei-Fei Li are building world models.

Xie attributed PixVerse's technical focus to labelling rather than data access alone.

He told TechCrunch that ByteDance experience in visual understanding and recommendation technology helped shape PixVerse's approach to video-generation systems.

PixVerse has disclosed funding, valuation, registered users, monthly active users and model plans, but it has not named paying-user totals, enterprise customer revenue, Alibaba deployment scope or independent benchmark results for its video models.