Aishi Technology Completes $100 Million Series B+ Financing, Hits 100 Million Global Users, Over $40 Million ARR

On October 17, AI video companiesAishi TechnologyAnnounced the completion of RMB 100 million B+ round of financing, co-invested by Fosun Ruizheng, Tongchuang Weiye, Shunxi Fund and others. The company's products PixVerse With Pat Me AI serving C-suite mass and professional creators, the company has now surpassed 100 million users and is growing rapidly globally: annual recurring revenue (ARR) is over $40 million and the product currently has over 16 million MAUs. The company went commercial in November 2024 and has grown revenue over 10x in less than a year, making it one of the fastest-growing AI platforms in the world in terms of revenue and users over the past year.

Previously on September 10th, Aishi Technology completed its B round of financing with a total amount of more than $60 million. The round of financing was led by Alibaba, followed by Dachen Caixin, Shenzhen Venture Capital, Beijing AI Fund, Hunan TVB Media, Giant Network and Antler. This round of financing is the largest single round of financing in the domestic video generation field, and the funds will reserve power for the company's future technology research and development and market expansion, and continue to promote theAI Video GenerationTechnology Inclusion.

In the field of AI video generation, the transition from technology exploration to large-scale application is a key stage. Products that can simultaneously gather a large number of users, build a social field and show a clear commercialization path are still rare. Among AI native applications, PixVerse has rapidly become the "first stop" for global ordinary consumers to experience and consume AI video content in two years.

From technological breakthrough to universal experience: AI video enters the "practical" phase

As the first startup in China to release a video generation model based on the DiT architecture, Aishi Technology has achieved global leadership in key dimensions such as high-speed generation and consistency. In the past two years, Axiomtek's self-developed video generation model has undergone five iterations and a total of eight versions, providing users with quasi-real-time, high-quality and synchronized audio and video generation services.

On August 27, PixVerse V5 was launched. Based on the quasi-real-time generation capability, it fully optimizes the core aspects of dynamic effects, ultra-high-definition visual processing, consistency preservation, and instruction following, and makes a simultaneous leap in efficiency and quality. Synchronized with the launch of PixVerse V5 is the new Agent Creation Assistant function. With the help of Agent Creation Assistant, ordinary users can generate professional-grade videos with one click without mastering complex prompt skills.

PixVerse (PixVerse AI) has gradually become the preferred platform for creators around the world to use AI video generation by virtue of its product concept of "fast speed, easy to start, and controllable creativity". Through its core technologies of quasi-real-time generation and character-driven video, the platform has significantly lowered the threshold of creation, and has been gradually applied in the fields of imaging, advertising, and game production.

Socialized Flywheel Drives Growth, Creative Templates Drive Global Cultural Resonance

PixVerse's growth is not based on a single hit, but on the social flywheel of "create-share-interact" and localization. Since the launch of the special effect template function in October 2023, the United States, Europe, Brazil, India, Japan and other markets have shown distinctive localization preferences: in Mexico and India, templates such as "KissKiss" and "Hug" have long been among the most popular. In Mexico and India, templates such as "KissKiss" and "Hug" have been popular for a long time, with a peak value of more than 300,000 in a single day. Users use these templates to create videos embracing Jesus, Brahmin and other cultural symbols, which have triggered widespread resonance. In the U.S., Italy and the U.K., "Hug Your Love", "Kiss Me, AI!" and other romantic templates continued to be popular, and users even created secondary communication templates such as "Creepy Devil Smile" on their own initiative.

Through the two-way optimization of model performance and creation experience, the platform continues to improve the flexibility and playability of AI video generation. For example, the "3D Figurine Factory" template in Agent Creation Assistant has driven DAU growth of more than 200% in many countries, while another special effect template "Earth Zoom Challenge" has become a new window for users around the world to showcase their hometown scenery and creative narratives. Another special effect template on the platform, "Earth Zoom Challenge", has become a new window for users around the world to display their hometown scenery and creative narratives, further strengthening the social attributes of the platform.

PixVerse (PixVerse AI) continues to drive AI video generation to a wider range of everyday applications.

Commercialization and ecological co-construction: from user subscriptions to open platforms

Stable user growth and high community stickiness lay a solid foundation for commercialization. Aishi-Tech's ARR is mainly derived from member subscription services, and in November 2024 the company launched its commercialization business. Meanwhile, the API ecosystem, which was only opened earlier this year, has also performed outstandingly.

As of August 31st, the number of videos generated by PixVerse (PixVerse AI) open platform through APIs in the past six months exceeded 10 million. With the update of V5 Big Model, Agent Intelligence Body, and Multi-subject Generation, the number of API calls doubled in a single month in August, helping partners to create narrative-driven video content more easily.

PixVerse was ranked #25 on a16z's "Global Top 50 Generative AI Consumer Mobile Apps" list in September. According to AIGCRank, PixVerse's website visits grew by more than 26.91% in September, with both mobile and web growth confirming the platform's push to upgrade AI video from personal entertainment to industrial production.

Market Potential and Expanding the Boundaries of AI Creation

PixVerse, as one of the earliest platforms in the world to realize character-driven video generation, has realized audio and video synchronization earlier in V4, which greatly enhances the vividness and emotional connection of the content. Functions such as first and last frames, continuation and redrawing make creativity and stories "come alive" in AI videos, which enhances creators' control over "storytelling", and is gradually applied in advertisements, film and TV, and game production.

Recently, Wang Changhu, Founder and CEO of Axiomtek, said when presenting the award for the "Any Door Prize" in the Untitled section of FIRST Surprise Film Festival, "All great creations originate from a moment that has not yet been named. We are especially looking forward to seeing experimental, staged works that are full of infinite possibilities. Like an arbitrary door, they allow us to see a wider world." Chinese director Jiang Shanshan's "The Clown", which reconstructs visual logic with AIGC, won high praise from the jury and won the Any Door Award for its unique AI image style and profound expressive tension.PixVerse also appeared at Busan Film Festival InnoAsia in mid-September with 10 AI image works created by global creators, and initiated the AI Boot Camp, a program for global directors and directors. PixVerse also brought 10 AI video works by global creators to InnoAsia in mid-September, and launched the AI Boot Camp, which is open to directors, creators, and film and television practitioners from all over the world.

With the product philosophy of "fast, easy to use and controllable creativity", PixVerse is becoming the first stop for ordinary creators around the world to experience AI video. From quasi-real-time generation, character-driven video to open platform ecology, Aishi Technology is leading the AI video industry from "hot concept" to "real use" with continuous product iteration and universal innovation.