Singapore-based generative AI video startup PixVerse announced on July 14, 2026 that it has closed its Series C extension, bringing total Series C fundraising to $439 million and pushing its valuation above $2 billion. The round was backed by Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus and CloudAlpha, alongside returning investors iGlobe Partners and OCBC's LionX Ventures.
From Consumer Video To Interactive Worlds
PixVerse's platform now serves more than 150 million registered users across 177 countries, generating cinematic-quality video from prompts, photos or clips. Its flagship V6 model delivers up to 4K resolution with baked-in audio, while the January-2026 R1 launch made PixVerse the first company to ship a real-time interactive world model that responds instantly to user input.
Co-founder Jaden Xie told reporters the shift into games and live entertainment is a natural extension. "From the start, we set out to make professional video creation accessible to everyone. That same belief now drives everything we are building toward interactive worlds," he said.
The Alibaba Angle And Competition
Alibaba's participation cements a deployment tie-up in which the Chinese giant will surface PixVerse video generation across its own consumer and enterprise products. That partnership matters as the field crowds up: rivals include ByteDance's Seedance model, Kling AI, Midjourney, Runway, Luma and world-model efforts from Yann LeCun and Fei-Fei Li.
Where The Cash Goes
CEO Changhu Wang said the money will scale PixVerse's real-time world architecture, launch a new V-Series model and a next R-Series update this year, and hire researchers and go-to-market staff across offices in Singapore, Beijing and Shanghai. PixVerse also unveiled its Game Engine, which separates abstract game mechanics from visual expression so that entire worlds can be generated on the fly from natural language.
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Reporting based on coverage from PixVerse, TechCrunch and Tech Startups.