“A Kazakh Startup Has Secured $80 Million in Investment”
AI-powered service Higgsfield has raised $80 million in funding at a $1.3 billion valuation.
According to Startup.az, citing Reuters, the Extension A funding round was backed by Accel, GFT Ventures, and Menlo Ventures.
The newly raised funds will be used to expand corporate sales, support international expansion, boost research and development, and grow the team. The startup plans to increase its workforce from around 70 employees to 300 by the end of 2026.
Higgsfield AI was founded in 2023 by Alexander Mashrabov, a graduate of Moscow Institute of Physics and Technology (MIPT) and former member of Yandex’s search team, along with Erzat Dulat, an AI researcher from Kazakhstan. The platform enables the creation of videos and trending visuals enhanced with artificial intelligence effects.