AI video generation platform Higgsfield has closed a new $400 million financing round.

It is reported that AI video generation platform Higgsfield has successfully completed a new round of financing of 400 million US dollars, with investors including DST Global, Goldman Sachs, Liberty Global and the investment arm under Intel, among others. This round of financing has pushed the valuation of Higgsfield to 5.4 billion US dollars. Data shows that the company's annualized revenue in August this year has reached as high as 700 million US dollars, representing a 34-fold increase compared to the scale of only about 20 million US dollars a year ago. (Jiemian)