Kazakhstani AI startup Higgsfield raises $400 million at $5.4 billion valuation
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Kazakhstani AI startup Higgsfield raised $400 million in a new funding round at a $5.4 billion valuation, the Financial Times reported on Monday, August 17. Investors included DST Global, Goldman Sachs, Liberty Global and Intel, and the company said the funds will go toward enterprise products, security and computing capacity.
Key Facts
- Higgsfield raised $400 million at a $5.4 billion valuation in a new funding round, the Financial Times reported on August 17.
- Investors in the round included DST Global, Goldman Sachs, Liberty Global and Intel.
- Higgsfield became the first Kazakhstani startup to reach unicorn status in September 2025, with a valuation above $1 billion less than two years after founding.
- By January 2026, the company's valuation reached $1.3 billion, according to company data.
- Higgsfield was founded by Yerzat Dulat and Alex Mashrabov, the former head of generative AI at Snap.
Funding Round
Higgsfield raised $400 million at a $5.4 billion valuation in a new round, the Financial Times reported on Monday, August 17. Investors included DST Global, Goldman Sachs, Liberty Global and Intel, among others. The company said the new funds will go toward enterprise products, security and computing capacity. Higgsfield has recently shifted its focus to corporate clients, according to the report.
Startup Background
Higgsfield AI develops generative artificial intelligence tools for visual content. The company was founded by Kazakhstani engineer and AI researcher Yerzat Dulat and Alex Mashrabov, formerly head of generative AI at Snap. Mashrabov was also a co-founder of AI Factory, which Snap acquired for $166 million.
Unicorn Milestones
In September 2025, Higgsfield passed a $1 billion valuation, becoming the first Kazakhstani startup to reach unicorn status. The milestone came less than two years after the company was founded. By January 2026, its valuation had reached $1.3 billion, according to company data.
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Kazakhstani AI startup Higgsfield raises $400 million at $5.4 billion valuation
