Singapore-based video-generation startup PixVerse announced it has closed its Series C extension, raising a total of $439 million in the round, and its valuation has crossed over $2 billion. The company aims to expand its world model offering and reach customers across geographies. The initial Series C round closed in March, led by CDH Investments. Investors in the extension round include Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, joining returning investors iGlobe Partners and OCBC’s Lion X Ventures. Founded in 2023 by Wang Changhu and Jaden Xie, PixVerse offers multiple models, including a V-Series video model, a C-Series video model, and an R-Series of world models. Users can generate videos in up to 4k resolution with audio baked in. The startup’s consumer product has over 150 million registered users and over 15 million monthly active users, and it offers a rate of $4.80 per minute of generation for image-to-video. Xie stated that only a few companies meet the quality bar in video generation, and that the startup’s core strength lies in labeling. The company wants to expand its enterprise outreach globally and already has a deal with investor Alibaba.