AI video generation platform Higgsfield has raised $400 million from institutions such as Goldman Sachs and Intel, achieving a valuation of $5.4 billion.

According to the Financial Times in the UK, the artificial intelligence video generation platform Higgsfield has raised funds from investors including DST Global, Goldman Sachs, Liberty Global, and Intel. The company is now valued at over four times its valuation of $1.3 billion set eight months ago, when it raised $80 million. As of August this year, its annualized revenue reached $700 million, compared to just $20 million a year ago. Other investors include Tribe Capital, Smash Capital, Fifth Wall, and NTT DOCOMO Ventures.