Aishitech Secures $2.98 Billion in Series C Funding, Alibaba Leads Series C+ Round

Aishitech has announced the successful closure of its complete Series C funding round, raising a cumulative total of RMB 29.8 billion.

Within this round, the Series C+ segment was led by Alibaba. The investment saw participation from over ten domestic and international institutions, including Lollapalooza Capital (the family office of Wang Huiwen), Ivy Capital, Huiyuan Capital, Zhongding Capital, Korea's Mirae Asset, Lion X Fund under OCBC's ecosystem, and BlueFocus Communication Group.

Allocation of New Capital

The freshly acquired funds are earmarked primarily for advancing the development of a foundational model for video generation, a real-time world model, driving global product growth, and facilitating the implementation of solutions in industrial scenarios.

AI Video's Commercial Trajectory

AI video is emerging as the second major AI domain, following AI coding, to demonstrate a clear path toward large-scale commercialization. If AI coding is restructuring software production, then AI video is reshaping the creation, distribution, and interaction of visual content. This technology is driving an efficiency revolution in sectors such as short-form video series, animation, advertising, and branded content. It is also evolving from a content creation tool into the next generation of visual infrastructure, integrating real-time interaction, world models, and immersive experiences.

Current Market Position

To date, Aishitech's product, PixVerse, has amassed over 150 million global users. It was previously selected among the top 25 in a16z's Top 50 GenAI Consumer Applications and ranks highly on the Artificial Analysis video generation model leaderboard. Beyond its growth in the global consumer market, Aishitech is also accelerating the productization and real-world industrial application of its AI video capabilities.