Annual revenue surges to $500 million, video generation application Higgsfield AI valuation plans to quadruple to $5 billion According to Beating monitoring, video generation startup Higgsfield AI is in talks with investors to raise $300 million to $500 million at a pre investment valuation of $5 billion. The valuation is more than four times that of its financing in January this year. Meanwhile, this San Francisco based company, founded in 2023, has achieved an annualized revenue run rate of $500 million this month, which is 2.5 times the $200 million run rate in January. At present, DST Global is in talks about investment matters, but the round of financing has not yet been officially delivered. Higgsfield AI's main business is to provide an AI image and video generation platform, with subscription prices ranging from $19 to $99 per month. Recently, it has also launched a marketing agent called Supercomputer. In the early days, the company mainly relied on individual creators, but currently 70% of platform activity comes from corporate clients. This transaction negotiation further confirms the investment enthusiasm in the video AI field: Google recently invested about $75 million in AI cooperation with film studio A24, while another video generation company Runway also completed a $315 million financing in February this year at a valuation of $5.3 billion. In addition, Meta has explored the possibility of acquiring Higgsfield and its competitor Runway in 2025. [Original link]