Alibaba-Backed Video AI Startup PixVerse Raises $300 Million

Alibaba-Backed Video AI Startup PixVerse Raises $300 Million

PixVerse has raised $300 million in fresh funding, people familiar with the matter said, elevating the startup backed by China’s Alibaba Group Holding Ltd. to unicorn status as the race to dominate AI-generated video intensifies.

AI video generation platform PixVerse raises Series C funding, opens global office in Singapore

Global AI video generation platform PixVerse has announced the completion of its Series C funding round and the opening of a global office in Singapore as it expands its international presence. In a statement, PixVerse said the funding round, among the largest ones in Asia’s AI video generation sector, was led by CDH Investments. Other participating investors included Antler, EnvisionX Capital, iGlobe Partners, Lion X Ventures, UOB Venture Manag…

PixVerse hits unicorn valuation with new Series C funding

In a segment where many startups were once expected to be flattened by rivals with deeper pockets once interest gathered, AIsphere is now trying to tell a different story. The company behind the video generation platform PixVerse said it has reached unicorn status after closing a Series C funding round, the company announced on March 13. The round was led by CDH Investments, with participation from Antler, EnvisionX Capital, iGlobe Partners, Lio…

PixVerse hits unicorn status with record AI video round

AI video platform PixVerse becomes a unicorn after a record Asia Series C funding round valuing the company at over USD $1 billion.