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 The Information reports that Meta has held prior acquisition discussions with Higgsfield, though those talks are no longer active.

Alex Mashrabov
Alex Mashrabov, Co-founder and CEO of Higgsfield
Yerzat Dulat
Yerzat Dulat, Co-founder and CTO of Higgsfield
Mahi de Silva
Mahi de Silva, Co-founder and CSO of Higgsfield

Higgsfield's path to becoming a billion-dollar company started with a friendship formed at international olympiads. Yerzat Dulat, competing in physics, met Alex Mashrabov at computer science competitions, and the two became friends. Years later, they decided to build a company together.

Both had followed different paths before reuniting: Dulat had become one of the world's top open-source researchers in machine learning, while Alex had risen to head of AI at Snap.

By March 2025, they had crystallized a shared 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.

When Mahi de Silva, a serial entrepreneur and Silicon Valley veteran, joined as co-founder, the startup gained even deeper industry connections and entrepreneurial expertise.

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, the company is expanding across analytics, sales, project management, creative roles, and engineering.