AI Video Startup Higgsfield Raises $400M at $5.4B Valuation

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 ago. DST Global led the round, with Intel, Goldman Sachs, and Tribe Capital participating. The company reports $700 million in annualized revenue and counts 390 of the Fortune 500 as customers.