AI video generation startup Higgsfield has raised an additional $80 million through an extension of its previously announced $50 million Series A, bringing the round to $130 million and valuing the company at $1.3 billion. The company was founded by Alex Mashrabov, former Head of Generative AI at Snap and co-founder of AI Factory, which Snap acquired in 2020.
Higgsfield develops AI-powered tools that enable creators, brands, and social media teams to generate and edit short-form video content. Nine months after launch, the platform reports more than 15 million users and an annualized revenue run rate of $200 million, doubling in recent months.
The Series A extension included participation from Accel, Menlo Ventures, AI Capital Partners, and GFT Ventures, supporting continued product expansion and enterprise adoption.
Featured image: Credit: Higgsfield
