Singapore-based AI video startup PixVerse is now valued at more than $2 billion after an extended Series C round. The company has raised $439 million from investors including Alibaba, Lollapalooza Capital and Mirae Asset. PixVerse was founded in 2023 by Wang Changhu and Jaden Xie, formerly of ByteDance. Provides models for video generation, film production, and world models for game development.
PixVerse says it has more than 150 million registered users and more than 15 million monthly active users. Co-founder Xie told TechCrunch that only a handful of companies can provide the quality needed. OpenAI shut down Sora 2, and Meta and Tencent failed to build high-quality video models, he said.
The real edge is not the data itself, but how the data is labeled. Changhu built the visual AI technology behind TikTok at ByteDance. This is a system that can accurately label data and provide stronger recommendations. That experience translates directly into PixVerse’s video platform. However, competition remains fierce. ByteDance, Midjourney, Google, Runway, Luma, and others are all pushing video and world models at a similar pace.
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