Higgsfield Inc., an AI video startup founded by former executives at Snap, has announced it has secured investment from NVIDIA (NVDA.O) and TCV. The funding will support the construction of its global infrastructure and talent acquisition to meet growing market demand. The San Francisco-based startup has most of its engineering talent located in Kazakhstan; the announcement comes as NVIDIA CEO Jensen Huang is visiting the country.
This financing is an extension of its B-round financing in August, when the round, led by DST Global, raised $400 million and valued the company at $5.4 billion. Higgsfield did not disclose the latest valuation or the specific amount raised in this financing round. (Jinshi)
AI video startup Higgsfield secures additional funding from NVIDIA and TCV
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Summary
AI video startup Higgsfield Inc. has secured new funding from NVIDIA and TCV, amid favorable funding conditions for tech startups. The investment will support the expansion of global infrastructure and hiring as demand increases. This round follows an $8 billion B-round in August that valued the company at $5.4 billion. Higgsfield has not disclosed the size of the latest funding round or its current valuation. The Fear & Greed Index for the sector remains elevated, reflecting strong investor sentiment.
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