AI video startup, Higgsfield, founded by ex-Snap exec, lands $1.3B valuation | TechCrunch
Higgsfield offers a tool that allows consumers, creators, and social media teams to create and edit AI-generated videos.
This TechCrunch article reports on AI video generation startup Higgsfield, founded by ex-Snap executive Alex Mashrabov, achieving a $1.3 billion valuation after raising an additional $80 million in its Series A funding round. Higgsfield's platform, which allows users to create and edit AI-generated videos, has seen rapid growth, reaching over 15 million users and a $200 million annual revenue run rate. The company emphasizes its appeal to professional social media marketers, despite also being used for casual content creation.
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