Chinese AI video-generation company AIsphere (爱诗科技) has completed its overall Series C financing, raising a cumulative RMB 2.98 billion across the round to support model development, international product growth and commercial deployment.
The latest Series C+ tranche was led by Alibaba Group (阿里巴巴集团). More than 10 Chinese and international investors participated, including Lollapalooza Capital, the family office of Chinese entrepreneur Wang Huiwen; Ivy Capital (常春藤资本); Huiyuan Capital (惠远资本); Eastern Bell Capital (钟鼎资本); South Korea’s Mirae Asset; Lion X Fund, which operates within the OCBC ecosystem; BlueFocus (蓝色光标); CloudAlpha; and iGlobe Partners.
AIsphere did not disclose the size of the Series C+ tranche alone. The RMB 2.98 billion figure refers to the company’s cumulative financing across the entire Series C round rather than a single investment led by Alibaba.
The company said the proceeds would be used in three principal areas: developing foundation models for video generation, advancing real-time world models, and accelerating the global growth of its products. Part of the capital will also support the deployment of its technology in commercial and industrial scenarios.
Founded in 2023, AIsphere develops multimodal video-generation models and world models. Its products include PixVerse, which targets global users, and Paiwo AI (拍我AI), which serves the Chinese market.
The company also provides models and tools for professional production teams, developers and businesses seeking to integrate AI-generated video into their products and workflows.
According to AIsphere, its users are distributed across 177 countries and regions. The company has previously said that PixVerse has attracted more than 100 million users globally, reflecting growing international demand for consumer-facing generative-video products.
AIsphere has also expanded beyond conventional text-to-video and image-to-video generation. Its research includes real-time world models designed to create interactive visual environments, a technology with potential applications in gaming, virtual worlds, advertising and human-computer interaction.
The financing comes as competition in AI-generated video intensifies among Chinese and international companies. Developers are competing on visual quality, generation speed, controllability, consistency and production costs while seeking sustainable subscription and enterprise revenue.
Alibaba’s participation also highlights the strategic value that major technology companies place on video generation as a potential interface for future content creation and interactive applications.
For AIsphere, the new funding provides resources to improve its underlying models while expanding PixVerse internationally. Its next challenge will be converting global user growth into durable revenue and demonstrating that its technology can support professional and enterprise applications in addition to consumer content creation.