PixVerse tops a $2 billion valuation after extending its Series C to $439 million
PixVerse has extended its Series C to $439 million, pushing its valuation past $2 billion just four months after hitting unicorn status. The Alibaba-backed startup's $40 million in annual recurring revenue puts its valuation multiple well above rivals like Higgsfield and Runway, raising questions about how it justifies the price.