Higgsfield raises eighty million dollars at over one billion dollar valuation

The San Francisco startup Higgsfield raised eighty million dollars to expand its AI video tools for marketers. The round values the firm at 1.3 billion dollars.

Insights:
Higgsfield, an artificial intelligence video generation startup, has completed an 80 million dollar Series A extension funding round that values the company at over 1.3 billion dollars. Based in San Francisco, US USUS, the company secured capital from prominent investors including Accel, GFT Ventures, and Menlo Ventures. This significant investment highlights a growing trend of supporting application-layer AI firms that specialize in building on top of existing foundational models rather than competing directly with major labs like Microsoft Corporation .
FILE PHOTO: AI (Artificial Intelligence) letters and a robot hand are placed on a computer motherboard in this illustration created on June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo
FILE PHOTO: AI (Artificial Intelligence) letters and a robot hand are placed on a computer motherboard in this illustration created on June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo
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