Singapore-based PixVerse, an AI video generation platform, said on July 14 that it had closed a series C extension, bringing its total series C funding to US$439 million.

The company is also expanding into games and interactive entertainment with its R1 real-time world model.

The extension added investors including Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, alongside returning backers iGlobe Partners and OCBC’s LionX Ventures.

It followed a March 13 series C round in which PixVerse reached unicorn status without disclosing the round size or valuation. That round was led by CDH Investments, with Antler, EnvisionX Capital, UOB Venture Management, 3W Fund, and others participating.

Alibaba had led a US$60 million investment in PixVerse in September 2025.

PixVerse said R1, introduced in January 2026, generates a live audiovisual world that could respond live to user input during a session rather than produce a fixed video clip.

🔗 Source: PixVerse