Singapore-based video generation startup PixVerse has closed a Series C extension round, securing $439 million and pushing its corporate valuation beyond $2 billion. The funding follows an initial Series C close in March and was supported by returning backers iGlobe Partners and OCBC’s LionX Ventures, alongside strategic participants including Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha. Founded in 2023 by Wang Changhu and Jaden Xie, PixVerse has rapidly scaled to over 150 million registered users and 15 million monthly active users. The company operates a tiered product ecosystem comprising the V-Series for consumer and API integration, the C-Series for professional film and commercial workflows, and the R-Series, a world model designed for game development and interactive environments. The platform supports high-fidelity video generation up to 4K resolution with synchronized audio, offering enterprise access at $4.80 per generation minute. Co-founder Jaden Xie identifies PixVerse’s primary competitive advantage as proprietary data labeling methodology rather than dataset scale. Drawing on Changhu’s computer vision background at ByteDance, the company applies precise visual annotation techniques previously used to optimize TikTok’s recommendation algorithms. Xie emphasizes that while prominent technology firms have encountered technical bottlenecks in scaling production-grade video synthesis, PixVerse targets parallel growth across consumer entertainment and enterprise applications spanning creative, educational, and marketing workflows. The new capital will fund global enterprise expansion, research recruitment, and commercial operations. Product roadmaps include launching an upgraded V-Series model and iterating the R-Series world platform. A commercial deployment agreement with Alibaba has already been finalized. Employing 150 personnel across Singapore, Beijing, and Shanghai, PixVerse positions itself to compete within an increasingly crowded AI video landscape, rivaling domestic offerings like ByteDance’s Seedance and Kling AI, alongside Western providers including Midjourney, Runway, and Luma.