Sina Technology reports that on the afternoon of October 20, AI video company Aishi Technology announced the completion of 100 million yuan in B+ round financing, with joint investments from Fuxing Ruizheng, Tongchuang Weiye, and Shunxi Fund. This financing round aims to bolster the company's future technology research and market expansion efforts, facilitating the widespread adoption of AI video generation technology.
Currently, Aishi Technology's products, PixVerse and Pai Wo AI, have surpassed 100 million users and are rapidly growing on a global scale: the annual recurring revenue (ARR) has exceeded 40 million USD, and the monthly active users (MAU) currently exceed 16 million. The company plans to officially commercialize in November 2024, achieving more than a tenfold revenue growth in less than a year.