Video-generation startup PixVerse raises $439M, valuation soars past $2B

PixVerse, a Singapore-based video-generation startup, closed a Series C extension round raising $439 million, bringing its valuation over $2 billion. The company offers multiple video generation models that can produce videos in up to 4k resolution with audio, and reports having over 150 million registered users and 15 million monthly active users. PixVerse plans to use the funding to expand its world model offering, reach customers across geographies, and hire more researchers and go-to-market staff. The video generation market is competitive, with players including ByteDance, Midjourney, Runway, and Luma, among others.