- AIsphere raised $300 million in its latest Series C funding round, setting a new record for the largest single financing in China's AI video generation industry.
- The startup plans to use this newly injected capital for global market expansion.
Alibaba-backed AI video generation startup AIsphere has completed a $300 million Series C funding round, marking the largest single financing in China's video generation sector to date, according to a report by local media outlet LatePost on Thursday.
The funding round was led by CDH Investments, with more than 20 institutions participating in the capital injection, the report said.
The startup's annual recurring revenue (ARR) for 2025 exceeded $40 million. Its overseas-focused PixVerse app and related products have accumulated over 100 million total users, according to LatePost.
Last September, AIsphere raised $60 million in a funding round led by Alibaba, demonstrating the capital market's strong interest in the startup.
On the product and technology front, AIsphere launched PixVerse R1 this January. Positioned as a real-time world model for generative and interactive video media, it allows for real-time video generation and infinite visual continuation.
The startup faces fierce market competition from both global and domestic rivals, including OpenAI's Sora, ByteDance's Jimeng AI and Seedance 2.0, as well as Kuaishou's Kling AI.
The new funds will be used to support continuous research and development, and the company will focus more heavily on the global consumer market, AIsphere co-founder Xie Xuzhang said in an interview with LatePost.
The company aims to blur the existing boundaries between traditional video content and video games, as interactive videos could fundamentally change the underlying production logic of the entire content industry, Xie said.
