PixVerse lifts Series C total to $439 million
AI video company PixVerse has extended its Series C to $439 million in total, adding Alibaba among new backers, as it uses its R1 real-time world model to move into games.
PixVerse, a Singapore-based AI video generation platform, announced on 14 July 2026 that it had closed an extension of its Series C, bringing the round's total to $439 million. The company did not say how much of that came from the extension.
New investors in the extension are Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus and CloudAlpha. iGlobe Partners and OCBC's LionX Ventures returned. PixVerse was founded in 2023, says it reached unicorn status in early 2026 and claims more than 150 million users across 177-plus countries.
PixVerse also said it is expanding from video creation into interactive entertainment, built on R1, a model it launched in January 2026 and calls "the world's first real-time world model." That claim has not been independently verified. R1 turns generated video into a continuous stream that responds to user input. An update in April added shared worlds and personalized avatars for multiple users.
The new PixVerse Game Engine applies R1 to games by separating game mechanics from how they look on screen. Creators define rules and structure, and the engine generates the world. Players interact in natural language, and the world responds in real time. PixVerse is also launching real-time interactive livestreaming, where AI-generated characters respond to viewer input.
"We are building a system where the world a player inhabits is not pre-rendered but continuously generated, in real time, in response to what they do," said co-founder and CEO Changhu Wang.
The announcement did not include availability details, pricing or technical benchmarks for the game engine or the livestreaming product.