AI Video Platform Higgsfield Raises $400 Million, Valuation Hits $5.4 Billion: Goldman Sachs and Intel Invest
AI video generation platform Higgsfield secures $400 million in funding from DST Global, Goldman Sachs, Intel, and others, raising its valuation to $5.4 billion, a fourfold increase from its $1.3 billion valuation eight months ago. The company, founded just two years ago, is accelerating its expansion of enterprise subscription business, speeding up commercialization, and aiming for annualized revenue of $700 million. The founder is Alex Mashrabov, former executive at Snapchat.