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, BlueFocus, CloudAlpha, and several other funds joining returning backers.
- The company charges $4.80 per minute of generation for its image-to-video tool.
A Singapore 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 shapes the next wave of AI-generated media.
PixVerse, founded in 2023, closed the extension of its Series C this week. CDH Investments led the initial slice, which Bloomberg reported at around $300 million and closed in March. Fresh backers in the extension include Alibaba, Mirae Asset, BlueFocus, and CloudAlpha, alongside returning investors iGlobe Partners and OCBC's LionX Ventures.
Upload a photo or type a description and the tool produces a clip at up to 4K resolution, audio included. No editing skills needed.
Three model lines cover different use cases. The V-Series handles everyday consumer and developer work. The C-Series targets professional film and advertising. The R-Series, out earlier this year, serves game developers building what the industry calls a world model: AI software that constructs a consistent, navigable virtual space rather than just a short clip. We looked at that technology directly in our 13 July piece on world models.
150 million registered users is a genuine signal of mainstream reach, even if PixVerse won't say how many of those people pay.
Co-founder Jaden Xie argues the competitive edge isn't raw data but how PixVerse labels it. His co-founder Wang Changhu spent years at ByteDance building the visual understanding technology behind TikTok's recommendation system. That background, Xie says, means PixVerse can tag and categorise training footage in ways rivals can't easily replicate.
Xie also told TechCrunch that OpenAI has left the video generation market after shutting down Sora 2, its own video tool, opening space for a small group of serious contenders. That's a pointed claim and worth watching: if Sora 2 returns in any form, Xie's framing of the competitive landscape shifts considerably.
The field is still crowded regardless. ByteDance has its Seedance model; Runway and Luma are active in Western markets; multiple teams are racing on world models specifically.
PixVerse's 150 employees are split across Singapore, Beijing, and Shanghai. New funding goes toward hiring researchers and go-to-market staff, and toward expanding the Alibaba deal that already routes enterprise customers to the platform.
Should you worry about the cost of AI video tools?
If you use or plan to use an AI video generator, competition at this level is good news. The $4.80-per-minute rate PixVerse charges is already low by current standards, and more well-funded rivals pushing on quality tends to drive it lower still. The number to watch isn't valuation; it's how many of those 150 million registered users eventually open their wallets.
