AI video startup Higgsfield hits $1.3 billion valuation with $80 million funding

AI video generation startup Higgsfield raised $80 million in new funding, valuing the ‍company at over $1.3 billion, it told Reuters, as investors rush to develop the sector amid booming ⁠demand for the new technology.

The Series A extension round included the participation of Accel, GFT Ventures and Menlo Ventures. The San Francisco-based company said it has reached $200 million in annualized revenue ‌run rate, a ‌projection of future revenue.