Higgsfield raises $400M Series B, quadrupling its valuation in 8 months to $5.4B
AI video startup Higgsfield has raised $400 million in a Series B funding round, reaching a $5.4 billion valuation just eight months after its previous round. The company plans to use the capital to scale operations, hire talent, and manage the high compute costs associated with AI video generation.
Why it matters
The rapid valuation growth of Higgsfield underscores the massive investor appetite for generative AI video tools and the significant infrastructure costs required to compete in the enterprise AI market.
Higgsfield announced Monday that it has raised a $400 million Series B at a $5.4 billion valuation. This new round is just eight months after nabbing a $1.3 billion valuation .
Higgsfield, founded by former Snap exec Alex Mashrabov in 2023, lets users create AI images and videos. It made headlines this past year for premiering AI-generated movies at both Cannes and in New York. It has tools like the Cinema Studio to help filmmakers direct AI films and the Marketing Studio for marketing and advertising teams. In a release announcing the round, the company touted $700 million in annualized revenue and 30 million users across 200 countries.
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