AI Video Startup Higgsfield Raises $400M, Valuation Quadruples to $5.4B
Higgsfield, an AI video technology startup, has successfully completed a Series B funding round, securing $400 million and elevating its valuation to $5.4 billion, a significant rise from the previous $1.3 billion achieved in the Series A round. The investment was spearheaded by DST Global, with contributions from notable firms such as Tribe Capital, Goldman Sachs Alternatives' Growth Equity, and Intel Capital, among others. Existing investors like Accel and Menlo Ventures also joined this round. This financial boost reflects the growing confidence in AI's potential to revolutionize video content creation and influence the artistic landscape.
Key facts
- Higgsfield raised $400 million in Series B funding.
- The valuation is now $5.4 billion, up from $1.3 billion in Series A.
- The round was announced on Monday.
- DST Global led the round.
- Other participants include Tribe Capital, Growth Equity at Goldman Sachs Alternatives, Smash Capital, Fifth Wall, Valor Capital, Intel Capital, Liberty Global Tech Ventures, Mirae Asset Capital, and NTT DOCOMO Ventures.
- Existing investors Accel, Menlo Ventures, and GFT Ventures also participated.
- The funding round took place approximately eight months after the Series A.
- The company focuses on AI video generation.
Entities
Institutions
- Higgsfield
- DST Global
- Tribe Capital
- Growth Equity at Goldman Sachs Alternatives
- Smash Capital
- Fifth Wall
- Valor Capital
- Intel Capital
- Liberty Global Tech Ventures
- Mirae Asset Capital
- NTT DOCOMO Ventures
- Accel
- Menlo Ventures
- GFT Ventures
Sources
- Quartz —