AIsphere Revenue, Valuation, Funding & Investors

AIsphere is valued at $2B as of July 2026, a 50.0x multiple on its last reported $40M revenue.

Last AIsphere valuation

$2B

Series C · Jul 2026

Last AIsphere funding round

$139M

Series C · Jul 2026

AIsphere revenue

$40M

Series C · Jul 2026

Key investors in AIsphere

  • Antler
  • Alibaba Group
  • Fortune Venture Capital
  • China Ruyi Hldgs
  • Shenzhen Capital Group
  • Cowin Capital

AIsphere Overview

About AIsphere

AIsphere is a developer of visual multimodal large language models enabling AIGC technologies for content creation across media, advertising, and entertainment sectors. The platform supports image-to-video generation and scenario-specific applications for producers in China and international markets.


Founded

2023

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$40M (Jul 2026)

Valuation

$2B (Jul 2026)

AIsphere Valuation

AIsphere is currently valued at $2B, based on its Series C in July 2026.

The $139M round was led by Alibaba Group, with participation from Mirae Asset, Lollapalooza Capital, Lion X Ventures, Grand Mount Capital, iGlobe Partners and 4 other investors.

AIsphere's valuation has grown 2.0x from $1B at its Series C in March 2026 to $2B in July 2026, across 2 priced rounds.

AIsphere valuation by funding round

Revenue multiple
AIsphere valuation by funding round
DateStageValuationRevenue Multiple
Jul 2026Series C$2B50.0x
Mar 2026Series C$1B25.0x

AIsphere Revenue

AIsphere's latest recorded revenue is $40M, as of its Series C in July 2026. At a $2B valuation, that implies a 50.0x revenue multiple.

Revenue moved from $40M in March 2026 to $40M in July 2026, while the revenue multiple moved from 25.0x to 50.0x.

AIsphere revenue by funding round

AIsphere revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2026$40M$2B50.0xSeries C
Mar 2026$40M$1B25.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

AIsphere Funding History

AIsphere has raised a total of $555M across 7 funding rounds.

AIsphere's first fundraising round was a $14M Series A in March 2024. The most recent completed round was a $139M Series C in July 2026.

AIsphere funding rounds

AIsphere funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Series CAlibaba Group (lead); Mirae Asset; Lollapalooza Capital; Lion X Ventures; Grand Mount Capital; iGlobe Partners; BlueFocus Communication; CloudAlpha Tech Fund; Ivy Capital; Eastern Bell Capital$139M$2BAlibaba Group Holding Ltd. led AIsphere's (爱诗科技) Series C+ extension on July 14, 2026, bringing the cumulative Series C funding to 2.98 billion yuan ($439 million) and pushing the company's post-money valuation above $2 billion. The round included over 10 investors such as Lollapalooza Capital, Ivy Capital, Mirae Asset, BlueFocus, and CloudAlpha, with Alibaba re-upping following its leadership of the $60 million Series B in September 2025. Proceeds will fund development of foundation models for video generation, advancement of real-time world models, and acceleration of global product growth, leveraging a deployment agreement with Alibaba for cloud infrastructure and enterprise distribution. AIsphere, founded in 2023 by Changhu Wang and based in Beijing, is known for its AI video generator PixVerse, which it positions as the "Canva for video generation," and has raised approximately $570 million cumulatively across six financing events from angel through Series C. The investment marks Alibaba's strategic bet on video-generation technology amid competition from its internal HappyHorse-1.0 model, while securing AIsphere as a cloud-infrastructure supplier and distribution partner.
Mar 2026Series CCDH Investments (lead); Beijing E-town International Investment & Development; Suzhou Innovation Investment Group; Suzhou Trust; Tsinghua Holdings Capital; China Ruyi Hldgs; ZWC Partners; Antler; UOB Venture; EnvisionX Capital; Zhuopu Capital; 3W Fund Management$300M$1B-
Jan 2026Strategic investmentChina Ruyi Hldgs (lead)$14M-AIsphere received $14.2 million in funding from China Ruyi Holdings Limited, a unit of which (previously associated with HengTen Networks Group) invested on approximately January 19, 2026. HengTen Networks Group Limited changed its name to China Ruyi Holdings Limited prior to this investment.
Oct 2025Series BCowin Capital; Fosun RZ Capital; Shunxi Fund$14M-AIsphere is a Chinese artificial intelligence text-to-video generation startup that has achieved significant traction in the generative video sector. The company operates dual-branded products: PixVerse internationally and Paiwo AI in China, which had exceeded 100 million total users and 16 million monthly active users as of October 2025. AIsphere generated over $40 million in annual recurring revenue by the end of 2025 and went commercial in November 2024. The company released PixVerse R1 in January 2026, a model designed for real-time video generation and continuous scene extension using autoregressive architecture, with plans to evolve it into an AI-native video game engine. AIsphere raised significant funding in 2025, including $60 million in a B-round in September and CNY100 million in a B+ round in October, followed by a $300 million C-round that became the largest funding round in China's video-generation sector.
Sep 2025Series BAlibaba Group (lead); Giant Network Group; Beijing Artificial Intelligence Industry Investment Fund; Fortune Venture Capital; Shenzhen Capital Group; Antler; Hunan TV & Broadcast$60M-AIsphere is a Beijing-based AI startup founded in April 2023 by Wang Changhu, a former Microsoft and ByteDance executive, specializing in text-to-video generation through its platform PixVerse (overseas) and Paiwo AI (China). The company raised $60 million in a Series B round on September 11, 2025, led by Alibaba Group, with participation from Antler, Beijing Artificial Intelligence Industry Investment Fund, and others, marking the largest single funding for a domestic AI video generation firm at that time. Funds are allocated to R&D, global expansion, and new business exploration amid China's Big Tech investments in niche AI startups. PixVerse achieved over 100 million global users by October 2025, more than doubling from earlier in the year, with 16 million monthly active users and viral features like the 'Venom effect' on TikTok. At the end of 2025, AIsphere reported over $40 million in annual recurring revenue. The platform advanced with PixVerse R1 in January 2026, featuring real-time video generation and autoregressive architecture for continuous scene extension, targeting global markets against competitors like Seedance. Following the Series B, AIsphere completed a CNY100 million B+ round in October 2025 and a $300 million Series C in early 2026, the largest in China's video-generation sector, backed by investors including Ruyi Holdings, 37 Interactive Entertainment, E-Town Capital, Suzhou Capital Group, Lion X Fund, and UOB Venture Management.
Apr 2024Series AAnt Group (lead)$14M-AIsphere is a Beijing-based Chinese text-to-video AI startup founded in April 2023 by Wang Changhu, former ByteDance vision technology lead. The company develops tools like PixVerse, a Sora-like video generation model launched in January 2024, which achieved over 1.16 million monthly visits. AIsphere raised over RMB 100 million ($13.8 million) in its Series A2 round from Ant Group in April 2024, following an earlier RMB 100 million+ raise less than two months prior. This A2 round aligns with Ant Group's strategy to invest in standout Chinese AI firms. Later, AIsphere completed Series A3 and A4 rounds with Beijing Artificial Intelligence Industry Investment Fund, CAS Investment, and Lighthouse Capital, contributing to nearly 300 million RMB across A2-A4. In March 2025, it raised USD 300 million in a C-round, the largest for a Chinese text-to-video startup, from investors including Ruyi Holdings, 37 Interactive Entertainment, E-Town Capital, Suzhou Capital Group, Lion X Fund, and UOB Venture Management. AIsphere reported over USD 40 million in annual recurring revenue at the end of 2023, with its PixVerse (overseas) and Paiwo AI (China) apps surpassing 100 million users by October 2024 and over 16 million monthly active users. Funds from these rounds support R&D, computing resources, talent acquisition, product iterations, market expansion, and global growth, with ambitions to surpass OpenAI's Sora in 3-6 months and explore AI-native video game engines.
Mar 2024Series AFortune Venture Capital (lead)$14M--

Who has invested in AIsphere?

31 investors have backed AIsphere across its funding rounds, including Antler, Alibaba Group, Fortune Venture Capital, China Ruyi Hldgs, Shenzhen Capital Group and Cowin Capital.

Lead investors include Alibaba Group, CDH Investments, China Ruyi Hldgs, Ant Group and Fortune Venture Capital.


AIsphere Investors

Investors in AIsphere by funding rounds participated
InvestorHQRoundsRoleFirst check
China Ruyi HldgsChinaHong Kong2LeadJan 2026
Fortune Venture CapitalChinaShenzhen2LeadMar 2024
Alibaba GroupChinaHangzhou2LeadSep 2025
AntlerSingaporeSingapore2ParticipantSep 2025
Mirae AssetSouth KoreaSeoul1ParticipantJul 2026
Beijing E-town International Investment & DevelopmentChinaBeijing1ParticipantMar 2026
Giant Network GroupChinaChina1ParticipantSep 2025
Lollapalooza Capital--1ParticipantJul 2026
Suzhou Innovation Investment GroupChinaSuzhou1ParticipantMar 2026
Beijing Artificial Intelligence Industry Investment FundChinaBeijing1ParticipantSep 2025
Suzhou TrustChinaSuzhou1ParticipantMar 2026
Ant GroupChinaHangzhou1LeadApr 2024
Tsinghua Holdings CapitalChinaBeijing1ParticipantMar 2026

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AIsphere Competitors

AIsphere competitors include listed companies like Haizhi and Ncino, and private ones like LibLib AI, Advance Intelligence Group, Eros Innovation and EvenUp.

Public and private companies comparable to AIsphere
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LibLib AIChinaBeijingPrivate$300M-$2B6.7x
Advance Intelligence GroupSingaporeSingaporePrivate--$2B-
Eros InnovationIsle of ManIsle of ManPrivate-$35M$2B-
EvenUpUnited StatesSan Francisco, CAPrivate--$2B-
HaizhiChinaChinaPublicly listed$93M($30M)$2.1B16.3x
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.3B4.0x

AIsphere Public Comps

AIsphere is still privately-owned, but its public comps include China Star Entertainment, Zhejiang Huace Film & TV, TV Asahi, Xinhua Winshare, Alpha, Haizhi, Alibaba Pictures Group, Vivendi, Ncino and Affle 3i.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
China Star Entertainment$52M($52M)43.1x-(42.9x)-
Zhejiang Huace Film & TV$422M$64M4.4x4.3x28.8x22.1x
TV Asahi$2.2B$323M0.7x0.8x5.0x7.9x
Xinhua Winshare$1.7B$248M0.4x0.4x2.9x3.4x
Alpha$369M$28M5.2x-67.8x-
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Alibaba Pictures Group$1.2B$133M0.7x0.7x6.2x6.0x
Vivendi$354M$161M8.9x8.7x19.6x(216.0x)

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Common questions about AIsphere

When was AIsphere founded?AIsphere was founded in 2023.
Where is AIsphere headquartered?AIsphere is headquartered in Beijing, China.
Is AIsphere publicly listed?No, AIsphere is a private, VC-backed company.
What is AIsphere's valuation?AIsphere was last valued at $2B in its Series C in July 2026.
How much funding has AIsphere raised?AIsphere has raised $555M across 7 funding rounds.
What was AIsphere's last funding round?AIsphere's last funding round was a $139M Series C in July 2026, led by Alibaba Group.
Who are AIsphere's investors?AIsphere's investors include China Ruyi Hldgs, Fortune Venture Capital, Alibaba Group, Antler, Mirae Asset, Beijing E-town International Investment & Development, Giant Network Group, Lollapalooza Capital, Suzhou Innovation Investment Group, Beijing Artificial Intelligence Industry Investment Fund and 21 others.
What is AIsphere's revenue?AIsphere's latest recorded revenue is $40M (July 2026).
What is AIsphere's revenue multiple?AIsphere's latest valuation implies a 50.0x revenue multiple ($2B valuation on $40M of revenue).
Which companies are comparable to AIsphere?Companies comparable to AIsphere include LibLib AI, Advance Intelligence Group, Eros Innovation, EvenUp, Haizhi and Ncino.

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