- Higgsfield raised $400 million at a $5.4 billion valuation, up from $1.3 billion in January.
- Goldman Sachs, DST International, Liberty International, and Intel backed the spherical.
- Annualised income hit $500 million, pushed primarily by enterprise advertising clients.
Higgsfield has raised $400 million at a $5.4 billion valuation, 4 occasions its valuation from eight months ago. Goldman Sachs, DST International, Liberty International, and Intel led the spherical, with Tribe Capital, Smash Capital, Fifth Wall, Valor Capital, Mirae Asset Capital, and NTT DOCOMO Ventures additionally collaborating.
Alex Mashrabov based the corporate in 2023 after operating generative AI at Snap. Higgsfield says annualised income has reached $500 million, up from roughly $200 million on the finish of 2025.
4 occasions the valuation in eight months
Higgsfield closed an $80 million Sequence A extension in January, taking that spherical to $130 million, with Accel, GFT Ventures, and Menlo Ventures on the cap desk, as Tech Funding News reported at the time. By July, it was already in talks to boost $300 million to $500 million at a $5 billion valuation, TFN covered then, too. The spherical has now closed a bit increased than that, at $5.4 billion.
Earlier than this, Mashrabov bought AI Manufacturing facility to Snap for $166 million in 2020, then frolicked main generative AI there earlier than leaving to begin Higgsfield with chief know-how officer Yerzat Dulat and co-founder Mahi de Silva.
Their imaginative and prescient was contrarian on the time: as an alternative of coaching one large proprietary video mannequin, plug in a number of exterior fashions and put the true effort into the workflow round them, so a person can hold remodeling a clip as an alternative of producing one and calling it accomplished.
The cash adopted the companies
The platform launched publicly in 2025 and now has greater than 15 million customers in 240 international locations. However it’s the enterprise facet that’s really paying the payments: companies now make up nearly all of income, up from beneath 1 / 4 of it in January.
Manufacturers are churning out a number of movies a day for social and adverts, quite than commissioning a single marketing campaign asset by an company.
The sphere round Higgsfield has thinned out quick, too. Runway, its closest Western rival, raised $315 million at $5.3 billion in February however has since pivoted towards world fashions for robotics and medication, largely stepping out of the advertising lane. In China, Kuaishou’s Kling raised nearly $3 billion at an $18 billion valuation, backed by Alibaba, Tencent, and Baidu.
Higgsfield says the brand new capital goes towards enterprise merchandise, safety, and compute. That final one is the true constraint right here — video technology burns way more compute than something text-based, and operating out of it’s a quicker strategy to lose clients than dropping a function race.
The open query is whether or not the income continues to compound at something near this charge. A 10x income a number of is steep to defend if progress slows even barely.
