Alibaba-backed PixVerse joins unicorn rank after Series C funding

Alibaba-backed PixVerse joins unicorn rank after Series C funding

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/ File Photo

PixVerse, an AI video creation platform developed by Beijing-based startup AIsphere, has joined the global AI unicorn rank after it secured a Series C funding round anchored by CDH Investments, according to an announcement.

The round, which was also backed by a host of investors, including Antler, Envision X Capital, iGlobe Partners, Lion X Ventures, UOB Venture Management, and 3W Fund, was the largest in Asia for its segment, the company said.

PixVerse did not disclose the amount raised or its valuation but said the financing marks a milestone for the fast-growing AI video generation sector.

“Our focus now is on deepening our business presence globally and putting our technology in the hands of more creators and businesses worldwide,” said Jaden Xie, co-founder of PixVerse.

The new capital will be used to accelerate global expansion and strengthen its presence in enterprise markets, particularly in North America and Asia.

The company also announced the establishment of a global office in Singapore to support international operations, enterprise partnerships, and regional market development.

The company raised $60 million in its Series B round in 2025, led by Alibaba, with participation from Antler.

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.

In January, the firm also introduced its R1 model, which it described as the world’s first real-time video generation system, enabling users to generate and modify video outputs interactively.

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.

Edited by: Padma Priya

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