AIsphere Secures $300M, Setting Record as China’s Top Text-to-Video Maker

Select Language:

AIsphere, an AI-driven text-to-video startup based in Beijing, has successfully raised $300 million in a funding round, making it the largest in China’s video-generation industry to date, according to a report from LatePost. Originally aiming for $100 million in the Series C round, the company increased its target amid high demand from both domestic and international investors. The new funds will support research and development, explore new business avenues, and facilitate global expansion.

Key investors include Ruyi Holdings and 37 Interactive Entertainment from the entertainment and cultural sectors, along with local government-supported entities such as E-Town Capital and Suzhou Capital Group. International investors comprise Lion X Fund, affiliated with Singapore’s OCBC Bank, and UOB Venture Management from United Overseas Bank.

Last September, the company secured $60 million during a Series B funding round, followed by an additional 100 million yuan in a B+ round in October. By the end of last year, AIsphere reported over $40 million in annual recurring revenue. Its app, known as PixVerse internationally and Paiwo AI domestically in China, surpassed 100 million users in October, with more than 16 million active monthly users.

In January, AIsphere launched PixVerse R1, a model capable of real-time video creation and continuous scene extension through an autoregressive framework. The company describes this as a step toward developing advanced “world models” and is contemplating turning R1 into an AI-native video game engine. This idea has already attracted interest from clients in the gaming and short-form video sectors.

Regarding the competition from Seedance 2.0, a rival developed by ByteDance, owner of TikTok, Xie noted that the impact on AIsphere has been minimal. He emphasized that the consumer AI video-market remains much larger than many believe and is still far from reaching a stage of direct rivalry.

While AIsphere focuses primarily on international markets, Seedance is mainly aimed at Chinese users.