HIGGSFIELD EYES $1B REVENUE RUN RATE
AI video startup Higgsfield says annualized revenue is on track to top $1B, with contracted business revenue up 10x since June as brands spend more on AI-generated ads.
The company has 32M+ users and nearly 1M paying subscribers, while subscriptions now account for just over 60% of revenue as usage-based spending grows.
Higgsfield raised $400M in August at a $5.4B valuation and says it has been roughly cash-flow breakeven in recent months.
Source: Bloomberg
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