San Francisco's Higgsfield extends its Series B with TCV and Nvidia
The company says it has more than 40 million users and passed a $1 billion revenue run rate in September, 18 months after launch.
Higgsfield, headquartered in San Francisco, said on October 23 it extended its Series B with new investment from TCV and Nvidia. The announcement was made from San Francisco and Astana and coincided with Jensen Huang's first visit to Kazakhstan. The extension follows an August Series B led by DST Global, with Goldman Sachs Alternatives, Tribe Capital, AI Capital Partners, Smash Capital, GFT Ventures and Valor Capital in that earlier round. The company did not disclose the size of the new extension.
Higgsfield said it has more than 40 million users in 238 countries and territories and crossed a $1 billion annualized revenue run rate in September, 18 months after launch. Enterprise revenue was up more than 100 percent month over month, and revenue under contract from business customers was up tenfold since June. Co-founder and CEO Alex Mashrabov previously co-founded AI Factory, the computer-vision company behind Snapchat's Cameos, which Snap acquired in 2019. Co-founders also include Yerzat Dulat and Mahi De Silva.
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