Higgsfield raises $400M Series B at $5.4B valuation
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Higgsfield has raised $400 million in a Series B round at a $5.4 billion valuation, eight months after its $1.3 billion Series A. DST Global led the financing, with Goldman Sachs Alternatives, Valor Capital, and Tribe Capital participating.
Key Facts
- Higgsfield reported $700 million in annualized revenue and 30 million users across 200 countries.
- The company is working with 390 of the Fortune 500.
- Higgsfield was founded in 2023 by former Snap executive Alex Mashrabov.
- One minute of video is like processing 60,000 words, according to founder Alex Mashrabov.
The Series B Round
Higgsfield raised $400 million in Series B funding at a $5.4 billion valuation, eight months after a $1.3 billion valuation. DST Global led the round, with Goldman Sachs Alternatives, Valor Capital, and Tribe Capital among the investors. The new capital will fund hiring, product development, and compute capacity.
Company and Product
Higgsfield was founded in 2023 by former Snap executive Alex Mashrabov. The company offers tools such as Cinema Studio for filmmakers and Marketing Studio for marketing and advertising teams. It premiered AI-generated movies at Cannes and in New York in the past year. Higgsfield reported $700 million in annualized revenue and 30 million users across 200 countries. The company said it is working with 390 of the Fortune 500.
Compute Capacity
Higgsfield founder Alex Mashrabov said securing reliable compute capacity has become a necessary expense to compete with Synthesia and Runway. He said one minute of video is like processing 60,000 words. The company expects enterprise adoption of video AI to become more deeply embedded in everyday marketing and creative workflows.
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Higgsfield raises $400M Series B at $5.4B valuation
