Home / Business and Economy / Higgsfield Hits $1.3B Valuation with $80M Funding Boost
Higgsfield Hits $1.3B Valuation with $80M Funding Boost
16 Jan
Summary
- Higgsfield secured an additional $80 million, boosting its Series A to $130 million.
- The AI video generation startup now boasts a valuation of $1.3 billion.
- Higgsfield reached over 15 million users and a $200 million annual revenue run rate.
AI video generation startup Higgsfield has significantly boosted its funding, extending its Series A round by an additional $80 million. This latest investment brings the total Series A capital to $130 million, following an initial $50 million close. The company announced it has achieved a valuation of $1.3 billion, marking a substantial milestone shortly after its launch.
Higgsfield, founded by Alex Mashrabov, who previously led Generative AI at Snap, provides a tool for consumers and professionals to create and edit AI-generated videos. The platform has seen remarkable user adoption, reaching over 15 million users within nine months. Furthermore, Higgsfield reports an annual revenue run rate of $200 million, a figure that has doubled in approximately two months, indicating accelerated business growth.
The startup highlights its rapid expansion, surpassing many tech industry peers in growth metrics. While Higgsfield is positioned as a business tool for professional social media marketers, its platform has also been used for controversial content, alongside creative projects in fashion and storytelling, showcasing its diverse capabilities and broad user base.
