Higgsfield AI, the AI image and video generation startup, is in talks with investors to raise $300 million to $500 million at a $5 billion pre-money valuation — more than four times what the company was worth when it raised in January.
This month, the San Francisco-based startup, founded in 2023, says its annualized revenue run rate has hit $500 million, up 2.5x from the $200 million run rate it reported in January.
DST Global is currently in talks to invest, though the round hasn't formally closed yet. Higgsfield AI's main product is an AI image and video generation platform, with subscriptions priced monthly...