AI video generation unicorn Higgsfield raises $400 million

AI video unicorn Higgsfield has raised $400 million in funding, valuing the company at $5.4 billion (approximately 36.6 billion yuan) post-money. Investors include DST Global, Goldman Sachs, Liberty Global, and Intel. The company's annualized revenue has reached $700 million, growing approximately 34 times in one year, and its valuation has increased by 315% in eight months. The platform boasts over 30 million users across 238 countries and regions.