Higgsfield valued at $5.4B after $400M funding round

Higgsfield, an artificial intelligence video generation startup, announced on August 17, 2026, that it has raised $400 million in a new funding round, valuing the company at $5.4 billion. The Series B round was led by DST Capital, with significant participation from Goldman Sachs Alternatives' Growth Equity, Intel Capital, and Tribe Capital, marking a more than fourfold increase in the company's valuation since January 2026.

The funding represents a rapid ascent for the two-year-old company, which was founded in 2023 by former Snap executive Alex Mashrabov and Yerzat Dulat. Higgsfield's browser-based platform allows users to generate and edit videos using AI, transforming text prompts and images into marketing clips for social media and advertising. The company has amassed over 30 million users across 238 countries and territories since launching publicly in 2025.

The valuation surge is propelled by explosive business growth. Higgsfield reported that its annualized revenue reached $700 million in August 2026, up from approximately $20 million a year earlier. A significant shift in its revenue base underscores this growth: business customers now account for the majority of sales,...