tech
Video-generation startup PixVerse raises $439M, valuation soars past $2B
With the cash, the company aims to expand its world model offering and reach customers across geographies.
TL;DR
- PixVerse raised $439 million in its Series C extension, reaching a valuation over $2 billion.
- The funding will support the expansion of its world model offering and global customer base.
- The company was founded in 2023 by Wang Changhu and Jaden Xie.
- PixVerse offers V-Series, C-Series, and R-Series models for consumer, professional, and game development.
- Its consumer product has over 150 million registered users and 15 million monthly active users.
- Key strengths are in data labeling, leveraging founder's experience from ByteDance.
- The company plans to expand enterprise outreach, launch new models, and hire more staff.