"Through an extension to its previous $50 million Series A round that closed in September, AI video generation startup Higgsfield has sold another $80 million worth of stock, bringing its total Series A to $130 million. The company says it has now hit a $1.3 billion valuation. Higgsfield offers a tool that allows consumers, creators and social media teams to create and edit AI-generated videos."
"Five months after Higgsfield launched its tool, it touted 11 million users and said it was a platform of choice for content creators. Nine months in, it has now reached over 15 million users and is on a $200 million annual revenue run rate, with that figure doubling from a $100 million trajectory in about two months, it says. The startup believes this puts it in rarified growth terrain, outpacing companies like Lovable, Cursor, OpenAI, Slack, and Zoom, according to its press release."
Higgsfield raised an $80 million extension to its previous $50 million Series A, bringing the round to $130 million and valuing the company at $1.3 billion. The company provides an AI video creation and editing tool for consumers, creators, and social media teams. Founder Alex Mashrabov previously led Generative AI at Snap and sold AI Factory in 2020. User growth accelerated from 11 million at five months to over 15 million at nine months, and annual revenue run rate reached $200 million after doubling from $100 million in about two months. The product is increasingly used by professional social media marketers. Investors include Accel, AI Capital Partners, Menlo Ventures, and GFT Ventures. The platform has been used for both creative projects and controversial content.
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