Higgsfield Raises $400M Series B at $5.4B Valuation
Fundraise Insider tracks newly funded startups each week and delivers verified sales leads of C-suite contacts straight to your inbox, so you reach the right people while the funding is still fresh. See pricing.
Higgsfield has announced a $400 million Series B at a $5.4 billion valuation, quadrupling its valuation in eight months. DST Global led the round.
Tribe Capital, Growth Equity at Goldman Sachs Alternatives, Smash Capital, Fifth Wall, Valor Capital, Intel Capital, Liberty Global Tech Ventures, Mirae Asset Capital and NTT DOCOMO Ventures all participated.
The company runs an AI video and image creation platform aimed at creators, brands and studios rather than casual users, and the revenue backs that positioning up. Annualized revenue has reached $700 million, and 390 of the Fortune 500 are now customers.
Alex Mashrabov, previously an executive at Snap, founded the business in 2023 with Yerzat Dulat. It works from San Francisco, and the California office anchors a customer base that now reaches most of the largest advertisers in the country.
The capital supports continued research and development, expanded global infrastructure, recruiting AI talent, and scaling the global go to market operation.