Video generation startup PixVerse raises $439M, valuation soars past $2B
TechCrunch
Singapore-based video startup PixVerse secured $439 million in a Series C extension, pushing its valuation beyond $2 billion to expand global operations.Summary
Singapore-based PixVerse has raised $439 million in a Series C extension round, bringing its valuation to over $2 billion. Founded in 2023 by Wang Changhu and Jaden Xie, the startup provides various video generation models for consumer, commercial, and gaming applications. With 150 million registered users, the company plans to use the new funding to hire talent, grow its enterprise business, and enhance its "world model" technology, leveraging unique data-labeling expertise derived from the founders' experience at companies like ByteDance.
(Source：TechCrunch)