Video-generation startup PixVerse raises $439M, valuation soars past $2B
PixVerse, a Singapore-based video-generation startup, raised $439 million in its Series C round, valuing the company at over $2 billion, with the funds aimed at expanding its world model and reaching customers globally. The company, founded in 2023 by Wang Changhu and Jaden Xie, offers multiple video models for different use cases, including consumer and professional applications, and generates videos in 4K resolution with audio. It competes in a crowded video generation market, with Xie noting that only a few companies are making significant progress, despite the market's size. PixVerse plans to hire more researchers and expand its enterprise outreach.
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