AI video startup Higgsfield raised $400 million in a Series B round at a $5.4 billion valuation, led by DST Global with participation from Goldman Sachs Alternatives and Intel Capital, up from a $1.3 billion valuation eight months ago.
The numbers
Higgsfield’s annualized revenue reached $700 million in August, up from roughly $20 million a year earlier, according to the company’s own funding announcement. Other investors in the round include Tribe Capital, Smash Capital, Fifth Wall, Valor Capital, Liberty Global Tech Ventures, Mirae Asset Capital, and NTT DOCOMO Ventures.
What Higgsfield does
Founded in 2023 by former Snap executive Alex Mashrabov and Yerzat Dulat, Higgsfield launched its browser-based AI video platform in 2025. The product lets users generate and edit video from text and images, including controlling camera movement and visual effects without filming equipment.
Why it matters
A quadrupled valuation in eight months only means something if the revenue underneath it is real, and a jump from $20 million to $700 million annualized in a year is the kind of number that, if it holds up under scrutiny, would explain investor appetite better than the funding headline alone. Goldman Sachs and Intel’s presence in the round is also notable: neither is a habitual early-stage AI bettor, and their participation reads as a signal that generative video specifically, not just AI broadly, is being treated as a maturing category rather than a speculative one. Whether Higgsfield’s growth rate holds at this new scale, rather than being an early-adopter spike, is the thing worth watching next.
What to watch: whether Higgsfield’s revenue growth rate holds up in its next disclosed quarter, at a materially larger base.
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