AI video platform Higgsfield completes $400 million funding round, reaching a valuation of $5.4 billion

Odaily星球日报讯 AI video generation platform Higgsfield has completed a $400 million funding round, achieving a valuation of $5.4 billion. Investors include DST Global, Goldman Sachs, Liberty Global, Intel, Tribe Capital, Smash Capital, Fifth Wall, Valor Capital, Mirae Asset Capital, and NTT DOCOMO Ventures, among others. This round of funding will primarily be used for enterprise-grade products, security, and computing power investments.

Higgsfield was founded by former Snap executive Alex Mashrabov and currently has over 30 million users across 238 countries and regions. As of August this year, its annualized revenue had reached $700 million. Previously, Higgsfield completed an $80 million funding round at a $1.3 billion valuation. (FT)