AI video generation startup Higgsfield has successfully raised an additional $80 million in its Series A funding round, pushing the total to $130 million. This funding comes just weeks after the initial closure of a $50 million round in September. The company now boasts a valuation of $1.3 billion.
Founded by Alex Mashrabov, previously the head of Generative AI at Snap, Higgsfield provides tools for creating and editing AI-generated videos. The platform has seen rapid growth, now surpassing 15 million users and achieving a remarkable $200 million annual revenue run rate, doubling its previous trajectory within two months.
Recent reports highlight that Higgsfield's user base has shifted towards professional social media marketers, indicating a maturing platform that goes beyond casual content creation. Investors in this latest funding round include notable firms such as Accel, AI Capital Partners, Menlo Ventures, and GFT Ventures.