AI VIDEO STARTUP HIGGSFIELD IS IN TALKS TO RAISE AT A $5BN VALUATION

Summary from the TLDR Design newsletter

Higgsfield is negotiating a $300-500mn raise at a $5bn valuation, four times its January mark, after crossing a $500mn annualised revenue run rate this month, up from $200mn at the end of 2025. DST Global is among the investors discussing joining the round, which has not yet closed, and roughly 70% of Higgsfield's revenue comes from enterprise clients like Fortune 500 brands. The company, founded by former Snap executive Alex Mashrabov, generates about 4.5 million video clips daily and recently produced a 95-minute AI feature film in 14 days for under $500,000.