Singapore-based startup PixVerse has secured a valuation exceeding $2 billion following a Series C funding round that raised $439 million. The investment came from Alibaba, Lollapalooza Capital, and Mirae Asset. Founded in 2023 by Wang Changhu and Jaden Xie, the company specialises in video generation, film production tools, and world models for game development. PixVerse reports over 150 million registered users and 15 million monthly active users. Co-founder Xie stated that only a few firms currently deliver the necessary quality, noting setbacks for competitors like OpenAI, Meta, and Tencent.
The primary advantage lies in data labelling precision rather than raw data volume. Changhu applied visual AI technology developed at ByteDance to create a system that labels data accurately to improve recommendations. This technical background directly informs the PixVerse platform. Competition remains intense as ByteDance, Midjourney, Google, Runway, and Luma continue to advance video and world models at similar speeds.
- Wang Changhu previously led visual AI at ByteDance
- Alibaba is a major investor in the latest round
- Competitors include OpenAI, Meta, and Tencent
