Higgsfield says its on a $200 million annual revenue run rate. So it opened its previous Series A round back up and sold another $80 million in shares.

TechCrunch (TC) is a leading technology news and media site that covers the latest trends, startups, and innovations in the tech industry. With breaking news,  analysis, and expert commentary, TechCrunch provides  insights into the world of technology and entrepreneurship. Developers can learn about emerging technologies, funding opportunities, and market trends by following TechCrunch's coverage of the tech industry.

TechCrunch

Higgsfield, an AI video generation startup founded by former Snap executive Alex Mashrabov, raised an additional $80 million in a Series A extension, bringing total Series A funding to $130 million at a $1.3 billion valuation. The company reports 15 million users and a $200 million annual revenue run rate just nine months after launch. The platform enables consumers, creators, and social media teams to create and edit AI-generated videos, with the company emphasizing adoption by professional marketers while acknowledging controversial use cases.

AI video startup, Higgsfield, founded by ex-Snap exec, lands $1.3B valuation