Higgsfield raises $400M Series B, quadrupling its valuation in 8 months to $5.4B
TechCrunch
β’Mon, 17 Aug 2026 19:04:27 +0000
π° What Happened
Higgsfield announced that it has raised a $400 million Series B at a $5.4 billion valuation, roughly four times its prior $1.3 billion valuation just eight months earlier. The round was led by DST Global, with participation from investors including Goldman Sachs Alternatives, Valor Capital and Tribe Capital. The company touted $700 million in annualized revenue and 30 million users across 200 countries, and says it now works with 390 of the Fortune 500. Funds will go toward hiring, product development and costly compute capacity.
π The Backstory
Founded in 2023 by former Snap, Higgsfield lets users create AI images and videos, and made headlines for premiering AI-generated movies at Cannes and in New York. Its tools include Cinema Studio for filmmakers and Marketing Studio for advertising teams. Founder Alex Mashrabov noted that video is one of the most compute-intensive domains in AI, comparing one minute of video to processing about 60,000 words.
π― Why It Matters
The round shows how rapidly valuations can accelerate when investor demand, revenue claims and enterprise adoption align in the AI content space. Disclosed revenue and Fortune 500 work underline that AI video generation is moving toward genuine commercial enterprise use. The raise signals sustained venture conviction in AI video despite the heavy compute costs involved.
Higgsfield announced that it has raised a $400 million Series B at a $5.4 billion valuation, roughly four times its prior $1.3 billion valuation just eight months earlier. The round was led by DST Global, with participation from investors including Goldman Sachs Alternatives, Valor Capital and Tribe Capital. The company touted $700 million in annualized revenue and 30 million users across 200 countries, and says it now works with 390 of the Fortune 500. Funds will go toward hiring, product development and costly compute capacity.
Founded in 2023 by former Snap, Higgsfield lets users create AI images and videos, and made headlines for premiering AI-generated movies at Cannes and in New York. Its tools include Cinema Studio for filmmakers and Marketing Studio for advertising teams. Founder Alex Mashrabov noted that video is one of the most compute-intensive domains in AI, comparing one minute of video to processing about 60,000 words.
The round shows how rapidly valuations can accelerate when investor demand, revenue claims and enterprise adoption align in the AI content space. Disclosed revenue and Fortune 500 work underline that AI video generation is moving toward genuine commercial enterprise use. The raise signals sustained venture conviction in AI video despite the heavy compute costs involved.