AI video generation platform PixVerse has completed an extension of its Series C funding, bringing the total capital raised in the round to $439 million.
The extension attracted new investors, including Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, per an announcement on Tuesday (July 14).
Existing investors iGlobe Partners and OCBC’s LionX Ventures also participated. PixVerse did not disclose how much was raised in the extension or the company’s valuation.
In March, PixVerse said it joined the global AI unicorn rank after it secured a Series C funding round anchored by CDH Investments.
Founded in April 2023 by former Microsoft Research Asia and ByteDance executive Wang Changhu, AIsphere launched PixVerse for creators globally in January 2024.
The platform has since attracted over 100 million users across 175+ countries, positioning it among the fastest-growing AI consumer applications globally.
PixVerse enables users, from everyday creators to professional marketers, to generate cinematic-quality videos from text, images, or video clips with minimal input.
The company said it would use its proprietary real-time world model, dubbed R1, to power a new game engine that lets users create and interact with AI-generated game worlds.
PixVerse also plans to expand into interactive livestreaming, enabling AI-generated virtual characters to respond to audiences in real time for entertainment and virtual hosting applications.
“We are building a system where the world a player inhabits is not pre-rendered but continuously generated, in real time, in response to what they do,” Chief Executive Officer and co-founder Changhu Wang said in a statement.
Co-founder and President Jaden Xie said the company was extending its mission of making professional-quality content creation accessible by building “interactive worlds.”
The company previously secured over $43 million across Series A2 to A4 rounds in late 2024, backed by Ant Group, Lighthouse Capital, CAS Investment, and the Beijing Artificial Intelligence Industry Investment Fund.
An additional Series A round closed in March 2025, led by Eminence Ventures, bringing total Series A funding to over $55 million. It raised $60 million in a Series B funding round in September.
