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PixVerse reaches $2B valuation on $439M Series C funding

What happened: Singapore-based AI video startup PixVerse closed an extended Series C round at over $2 billion（約3200億円） valuation, raising $439 million（約700億円） from investors including Alibaba, Lollapalooza Capital, and Mirae Asset. The company, founded in 2023 by Wang Changhu (formerly of ByteDance) and Jaden Xie, offers models for video generation, film production, and world models for game development.