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AI Pioneer Alex Mashrabov Raises $130M for Higgsfield

1/20/2026

Summary

Story summary

Alex Mashrabov, known as the "godfather of consumer generative Artificial Intelligence (AI)," founded Higgsfield after leaving Snapchat in late 2023 and raised $130 million in a Series A, valuing the company at $1.3 billion.
Higgsfield offers AI tools that significantly reduce video production time.
High-profile users include Madonna and Snoop Dogg.
The firm reports an annual recurring revenue run rate of about $200 million, having doubled in just two months.

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Story summary

Alex Mashrabov, known as the "godfather of consumer generative Artificial Intelligence (AI)," founded Higgsfield after leaving Snapchat in late 2023 and raised $130 million in a Series A, valuing the company at $1.3 billion.
Higgsfield offers AI tools that significantly reduce video production time.
High-profile users include Madonna and Snoop Dogg.
The firm reports an annual recurring revenue run rate of about $200 million, having doubled in just two months.