AI Video Startup Higgsfield Raises $400M at $5.4B Valuation, Quadruple Its Value From Eight Months Ago

Higgsfield, founded in 2023 by former Snap executive Alex Mashrabov, raised a $400 million Series B at a $5.4 billion valuation, up from $1.3 billion eight months prior. DST Global led the round, with Intel, Goldman Sachs, and Tribe Capital participating. The company reported $700 million in annualized revenue and says it works with 390 of the Fortune 500.