Key Takeaways
- • Higgsfield announced on October 23, 2026 an extension of its Series B financing with new investment from TCV and NVIDIA, joining an investor base led by DST Global's August 2026 round.
- • The company reports $1 billion in annualized revenue as of September 2026, eighteen months after launch, with enterprise revenue growing more than 100% month over month.
- • The August 2026 Series B raised $400 million at a $5.4 billion valuation, more than quadrupling the $1.3 billion valuation from its Series A round and extension.
- • Higgsfield reports more than 40 million users across 238 countries and territories and processes 12 trillion tokens across 150 million generations monthly.
- • The NVIDIA investment coincided with Jensen Huang's first visit to Kazakhstan, where Higgsfield maintains roots through Astana Hub.
Summary
Higgsfield, an AI video and image creation platform headquartered in San Francisco, announced on October 23, 2026 an extension of its Series B financing with new investment from TCV and NVIDIA. Goldman Sachs Alternatives, Tribe Capital, AI Capital Partners, Smash Capital, GFT Ventures and Valor Capital also participated in the extension, which builds on the Series B led by DST Global in August 2026. The company said proceeds will support product development, global infrastructure, hiring and go-to-market expansion. The financing amount for the extension was not disclosed in the announcement.
TCV, which has backed Netflix, Spotify, Facebook, ByteDance and Electronic Arts over three decades, framed Higgsfield within that portfolio lineage. Founding general partner Jay Hoag said the firm has backed platforms that changed how people create and consume media, while general partner Neil Tolaney praised co-founder and CEO Alex Mashrabov and the team for delivering a faster, professional-grade, AI-native way for creators, brand marketers and agencies to turn ideas into images and video.
The NVIDIA investment coincided with Jensen Huang's first visit to Kazakhstan for the country's national AI Month in Astana. Higgsfield describes itself as Kazakhstan's first AI unicorn and was co-founded by Mashrabov, Yerzat Dulat (co-founder and CTO) and Mahi de Silva. According to the company, it reports more than 40 million users across 238 countries and territories, with the United States as its largest market and Europe its largest region by usage. Higgsfield said it crossed $1 billion in annualized revenue in September 2026, and that revenue under contract from business customers has grown tenfold since June 2026. The announcement cites Ramp commercial spend data identifying Higgsfield as the fastest-growing image and video AI vendor. These figures are company-reported and were not independently verified in the source material.
The platform serves marketing and advertising, entertainment and the creator economy. Brands and agencies, including Fortune 500 companies, use it to generate as many as 100 ad variants from a single campaign concept. The company cited WPP Media's forecast of $1.3 trillion in global advertising revenue for 2026 and the IAB's expectation that US digital video advertising spending will exceed $80 billion in 2026. Higgsfield said it processes 12 trillion tokens across 150 million generations monthly, runs on NVIDIA infrastructure from L40 and A40 GPUs through Hopper and Blackwell generations, and is expanding to NVIDIA Vera Rubin.
The August 17, 2026 Series B raised $400 million at a $5.4 billion valuation, led by DST Global with participation from Tribe Capital, Goldman Sachs Alternatives, Smash Capital, Fifth Wall, Valor Capital, Intel Capital, Liberty Global Tech Ventures, Mirae Asset Capital and NTT DOCOMO Ventures. At that time, annualized revenue was $700 million and the platform reported more than 30 million users. Mashrabov previously co-founded AI Factory, the computer vision company behind Snapchat's Cameos and face filters, which Snap acquired in 2019.
TCV, which has backed Netflix, Spotify, Facebook, ByteDance and Electronic Arts over three decades, framed Higgsfield within that portfolio lineage. Founding general partner Jay Hoag said the firm has backed platforms that changed how people create and consume media, while general partner Neil Tolaney praised co-founder and CEO Alex Mashrabov and the team for delivering a faster, professional-grade, AI-native way for creators, brand marketers and agencies to turn ideas into images and video.
The NVIDIA investment coincided with Jensen Huang's first visit to Kazakhstan for the country's national AI Month in Astana. Higgsfield describes itself as Kazakhstan's first AI unicorn and was co-founded by Mashrabov, Yerzat Dulat (co-founder and CTO) and Mahi de Silva. According to the company, it reports more than 40 million users across 238 countries and territories, with the United States as its largest market and Europe its largest region by usage. Higgsfield said it crossed $1 billion in annualized revenue in September 2026, and that revenue under contract from business customers has grown tenfold since June 2026. The announcement cites Ramp commercial spend data identifying Higgsfield as the fastest-growing image and video AI vendor. These figures are company-reported and were not independently verified in the source material.
The platform serves marketing and advertising, entertainment and the creator economy. Brands and agencies, including Fortune 500 companies, use it to generate as many as 100 ad variants from a single campaign concept. The company cited WPP Media's forecast of $1.3 trillion in global advertising revenue for 2026 and the IAB's expectation that US digital video advertising spending will exceed $80 billion in 2026. Higgsfield said it processes 12 trillion tokens across 150 million generations monthly, runs on NVIDIA infrastructure from L40 and A40 GPUs through Hopper and Blackwell generations, and is expanding to NVIDIA Vera Rubin.
The August 17, 2026 Series B raised $400 million at a $5.4 billion valuation, led by DST Global with participation from Tribe Capital, Goldman Sachs Alternatives, Smash Capital, Fifth Wall, Valor Capital, Intel Capital, Liberty Global Tech Ventures, Mirae Asset Capital and NTT DOCOMO Ventures. At that time, annualized revenue was $700 million and the platform reported more than 30 million users. Mashrabov previously co-founded AI Factory, the computer vision company behind Snapchat's Cameos and face filters, which Snap acquired in 2019.
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