Higgsfield announced the extension on October 23, in a release timed to NVIDIA CEO Jensen Huang's first visit to Kazakhstan for the country's national AI Month in Astana. Higgsfield is headquartered in San Francisco, but its engineering roots and much of its team sit in Kazakhstan through the Astana Hub, and the release presents the company as the country's first AI unicorn. It was co-founded by Alex Mashrabov, Yerzat Dulat and Mahi De Silva.
What was actually announced
Two new investors, TCV and NVIDIA, have put money into the existing Series B. The August round was led by DST Global, with Goldman Sachs Alternatives, Tribe Capital, AI Capital Partners, Smash Capital, GFT Ventures and Valor Capital also in, per the release. That is the complete list of hard facts in the announcement. The announcement does not establish whether the extension was priced at the August valuation, above it or below it. Nor does it disclose how much NVIDIA and TCV invested.
Reporting fills in the base the extension builds on. In January 2026, Higgsfield raised $80 million in a Series A extension at a valuation of over $1.3 billion, Reuters reported. In August, it raised a reported $400 million in its Series B at a $5.4 billion valuation (Reuters; Bloomberg). The $5.4 billion is the last publicly reported valuation. It describes August, not today, and it is not a current mark for the money NVIDIA and TCV have just put in.
The growth claims, labelled
The release carries the growth story, and every number in it is the company's own. More than 40 million users across 238 countries and territories: users, not paying subscribers, and the release does not say how many pay. Annualized revenue past $1 billion in September, 18 months after launch: a run rate, not audited or recognized revenue. Enterprise as the fastest-growing business, up more than 100% month over month, with revenue under contract from business customers up tenfold since June. Twelve trillion tokens processed across 150 million generations a month. The release provides no definitions or measurement periods sufficient to reproduce these metrics, so they stand as company claims awaiting outside confirmation.
Higgsfield also cites Ramp commercial-spend data as evidence of growing share among businesses observed by Ramp: the release says Ramp's data identifies Higgsfield as the fastest-growing image and video AI vendor by spend share. The release provides no underlying sample, methodology or measurement period for that data, so the claim cannot establish industry-wide market share.
The NVIDIA part
NVIDIA's investment is the more interesting half of the pair. Higgsfield says it has scaled end to end on NVIDIA infrastructure at every stage, from L40 and A40 GPUs through the Hopper and Blackwell generations, and is now expanding to NVIDIA Vera Rubin, using NVIDIA Dynamo to deploy and scale inference workloads on its own GPU infrastructure. NVIDIA is investing in a company that Higgsfield says relies heavily on NVIDIA hardware and software. The relationship creates overlapping commercial interests: Higgsfield's growth could increase demand for NVIDIA-based computing, while NVIDIA gains exposure to an application built on that infrastructure. That makes the investment strategically relevant, but not independent validation of Higgsfield's growth claims or unit economics.
TCV's half is a category bet. The firm, which has backed Netflix, Spotify, Facebook and ByteDance, framed Higgsfield through its general partners as a "radically faster, professional-grade and AI-native mechanism" for turning ideas into images and video for creators, brand marketers and agencies. Higgsfield says brands use it to turn one campaign concept into up to 100 ad variants across markets and platforms. The volume use case, rather than a single hero film, is the product being sold.
What to watch
The next hard data points will be a priced round, a disclosed financing valuation, clearer revenue quality, or spend data published with a methodology attached. Until one of those lands, the confirmed story is narrower than the headline: two serious investors joined an existing round, the August valuation is the last one anyone has published, and every growth figure in the announcement is the company's own.
Sources
- [1] Higgsfield, "Higgsfield Extends Series B With New Investment From TCV and NVIDIA", PR Newswire, 23 October 2026 (primary source for the extension, the two new investors, the August syndicate list, the use of proceeds, the company-reported growth figures, the Ramp citation, the NVIDIA infrastructure statements, and the absence of any extension amount or valuation)Read source
- [2] Reuters, "AI video startup Higgsfield hits $1.3 billion valuation with latest funding", 15 January 2026 (the $80 million Series A extension at a valuation of over $1.3 billion, with Accel, GFT Ventures and Menlo Ventures participating; read via SRN News' republication of the Reuters report)Read source
- [3] Reporting on Higgsfield's Series B announcement, 17 August 2026 (the $400 million raise at a $5.4 billion valuation, led by DST Global; Reuters and Bloomberg report the same figures)Read source
- [4] Bloomberg, reporting on the extension, 23 October 2026 (confirms the August financing and states the new extension's amount and valuation were not disclosed; read via the Daily AI Brief and Traders Union relays of Bloomberg's report)Read source