Higgsfield AI has closed an extended Series A round that brings its total funding to over $130 million and pushes its valuation beyond $1.3 billion in the increasingly competitive generative video space. The Series A extension round included participation from Accel, AI Capital Partners (Alpha Intelligence Capital’s US-based fund), and Menlo Ventures.
The company, co-founded by Yerzat Dulat, Alex Mashrabov, and Mahi de Silva, reported reaching a $200 million annual run rate in under nine months, with the jump from $100 million to $200 million taking just two months. The Information reports that Meta has held prior acquisition discussions with Higgsfield, though those talks are no longer active.
Dulat’s path to building a billion-dollar company started in Almaty, Kazakhstan. He taught himself programming and engineering, eventually becoming interested in machine learning in 2016. By May 2023, he had crystallized a vision: developing technology that would allow anyone to train models as large as OpenAI’s, giving everyone the ability to create video with just a thought.
The first investor was Murat Abdrakhmanov, who wrote a $250,000 check based on Dulat’s pitch. Abdrakhmanov, a prominent serial entrepreneur, is one of Central Asia’s leading business angels with over 30 years of entrepreneurial experience.
When Alex Mashrabov, a former head of AI at Snap, and Mahi de Silva, a serial entrepreneur and Silicon Valley veteran, joined as co-founders, the startup gained both technical credibility and industry connections.
Higgsfield positions itself as an all-in-one production infrastructure for professional creators, brands, agencies, and marketing teams. Apart from having their own models, the platform integrates multiple third-party models, including OpenAI’s Sora, Google’s Veo, Kling AI, and others, into a unified production workflow with cinematic controls.
The platform reports 15 million users generating 4.5 million videos daily, with content accumulating over 3 billion social media impressions. According to the company, 85% of usage now comes from social media marketers, with 80% of that segment already delivering commercial work, suggesting the platform has moved beyond casual content creation.
With over $130 million in capital and a unicorn valuation, Higgsfield now faces the challenge of converting momentum into sustainable business outcomes. The company is expanding across analytics, sales, project management, creative roles, and engineering.
