Aishi Technology completes RMB 2.98 billion Series C financing.

AIsphere Technology announced the completion of its Series C financing, raising a total of RMB 2.98 billion. The Series C+ round was led by Alibaba, with participation from over ten domestic and international institutions. The funds will be used for the research and development of video generation foundational models, real-time world models, and global product growth. The company's PixVerse platform boasts over 150 million users worldwide. Earlier this year, it launched PixVerse R1, the world's first universal real-time world model supporting 1080p resolution, and has established strategic partnerships with industry partners such as Mango Media and Alibaba.