Higgsfield, a San Francisco-based AI video startup founded by a former Snap executive, said it has received investment from Nvidia and TCV to fund global infrastructure and hiring, and most of its engineering talent is in Kazakhstan. Its registered users have grown to more than 40 million. The investment extends its Series B round from August, which raised $400 million at a $5.4 billion valuation led by DST Global, though the company did not disclose the new valuation or the size of the extension. Co-founder Alex Mashrabov said last month the platform is on track to surpass $1 billion in annualized revenue, and it provides access to about 35 AI video models from other providers alongside its own engine.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
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