Overview
AI video startup Higgsfield has secured $80 million in an extension to its Series A round, raising its total to $130 million and pushing its valuation to over $1.3 billion. The funding, led by Accel, GFT Ventures, and Menlo Ventures, will help expand enterprise sales and enhance R&D. Founded in 2023, Higgsfield addresses continuity issues in automated video creation, targeting marketers with a browser-based product that has achieved a $200 million annualized revenue run rate.
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Investors: Accel, GFT Ventures, Menlo Ventures
AI video startup Higgsfield has secured $80 million in an extension to its Series A round, raising its total to $130 million and pushing its valuation to over $1.3 billion. The funding, led by Accel, GFT Ventures, and Menlo Ventures, will help expand enterprise sales and enhance R&D. Founded in 2023, Higgsfield addresses continuity issues in automated video creation, targeting marketers with a browser-based product that has achieved a $200 million annualized revenue run rate.
AI video startup Higgsfield has raised a total of $130 million in its Series A funding, including an additional $80 million extension. The company, founded by ex-Snap exec Alex Mashrabov, has achieved a $1.3 billion valuation and boasts over 15 million users. Higgsfield provides a tool for creating and editing AI-generated videos, primarily targeting professional social media marketers, and is on a $200 million annual revenue run rate.