Higgsfield has raised $400 million at a $5.4 billion valuation, with Goldman Sachs, Intel, and DST Global as new investors. The AI video startup saw its valuation quadruple in eight months after raising $80 million in January at $1.3 billion. Its annualized revenue reached $700 million in August, up from $20 million a year earlier, driven primarily by enterprise customers. Founded in 2023 by former Snap executive Alex Mashrabov, the platform now serves over 30 million users across 238 countries. The funding round aims to secure computing power and expand enterprise products.
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