06:36 AM EDT, 03/12/2026 (MT Newswires) -- Alibaba Group Holding ( BABA )-backed (BABA) PixVerse raised $300 million from a new funding round, valuing the company at more than $1 billion, Bloomberg reported Thursday, citing sources familiar with the matter.

Sources told Bloomberg the funds will support the company's global expansion and its pursuit of enterprise customers in Asia and North America. The funding round was led by CDH Investments and other investors, including Antler, iGlobe Partners, and UOB Venture Management, the report said.

PixVerse did not immediately respond to MT Newswires' request for a comment.

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