Singapore-based video generation startup PixVerse closed its Series C extension round, bringing total funding to $439 million and valuing the company at over $2 billion.
PixVerse, backed by Alibaba, has secured the substantial capital injection as the AI video generation market intensifies. The round positions the startup among the better-funded players in a competitive space dominated by companies like Runway and OpenAI's Sora.
The funding reflects investor confidence in AI-powered video creation tools, which have gained traction for content production, advertising, and creative applications. PixVerse competes in a rapidly evolving sector where generative video technology continues to improve in speed and quality.
With over $2 billion in valuation, PixVerse joins an exclusive cohort of AI startups commanding unicorn status. The Alibaba backing provides the startup with strategic connections in Asia and resources to scale its platform globally as demand for synthetic video content grows across industries.
InstaLILY, an enterprise automation startup, has raised $60 million in Series B funding led by Energize Capital, bringing its total funding to nearly $100 million.
Adapter, an infrastructure platform enabling AI agents and applications to leverage and control data, has emerged from stealth with $17.8 million in funding led by GV.
Chinese AI developer DeepSeek is raising approximately $1.5 billion at a $71 billion valuation and planning to go public in 2027, according to reports.
State Affairs, backed by Founders Fund, launched a Bloomberg Terminal-like product that uses AI trained on reporting from its 76 staffers to deliver policy and political intelligence.