⚡Funding Brief⚡ Annualized revenue reportedly rose from $20 million to $700 million in roughly 12 months. That is the headline metric behind Higgsfield's newly announced $400 million Series B, which values the AI video-and-image company at $5.4 billion — about 4.2 times its reported roughly $1.3 billion Series A and extension valuation in January. The company describes its product as a visual-reasoning platform for creators, brands, agencies and studios: users can generate and develop visual content through AI-driven video and image workflows. Higgsfield was founded by former Snap executive Alex Mashrabov. A few signals worth noting: Higgsfield says business customers now account for a majority of annualized revenue, versus less than one-quarter in January. It also says it provides visual production services to 390 companies in the Fortune 500. These customer metrics are company-reported, and the company has not disclosed customer-spend, retention or contract-value data The company says it has more than 30 million users across 238 countries and territories, with more than 20 million content generations per month Following the May 2026 rollout of Higgsfield Supercomputer, the company says users of its agentic products grew 42-fold over three months DST Global led the round. New investors include Tribe Capital, Growth Equity at Goldman Sachs Alternatives, Smash Capital, Fifth Wall, Valor Capital, Intel Capital, Liberty Global Tech Ventures, Mirae Asset Capital and NTT DOCOMO Ventures; existing investors including Accel and Menlo Ventures also participated The $700 million annualized-revenue figure, user counts, customer coverage and growth data are company-reported operating metrics, not independently audited financial results. For agencies, studios and brands, the commercial question is not whether AI can create content, but whether it can reduce production time and marginal asset costs while meeting quality, brand-control and rights requirements. This financing is a notable signal that investors remain willing to fund AI application-layer companies that report rapid commercial growth. Source: Reuters, PRNewswire, Yahoo Finance, Qz