AIsphere Raises USD300 Million, Most by a Chinese Text-to-Video Startup, Report Says
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AIsphere, a Beijing-based AI text-to-video startup, has raised USD300 million in its C-round funding, the largest in China's video-generation sector. Initially targeting USD100 million, the company increased its goal due to high investor interest. The funds will support R&D, new business exploration, and global expansion. Notable investors include Ruyi Holdings and E-Town Capital. AIsphere's app, PixVerse, has over 100 million users, and the company is considering evolving its technology into an AI-native video game engine. Despite competition from ByteDance's Seedance 2.0, AIsphere sees a vast consumer AI video market ahead.
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