Higgsfield extends its Series B with TCV and NVIDIA as Jensen Huang visits Kazakhstan

Higgsfield, the AI image and video generation company, has added fresh money from the investment firm TCV and chipmaker NVIDIA to the Series B round it closed in August. The extension was announced on 23 October 2026, timed to Jensen Huang's first trip to Kazakhstan, where the NVIDIA chief was in Astana for the country's national AI Month. Neither the amount raised nor the valuation after the extension has been disclosed. The pairing of a venture investor and the dominant supplier of AI chips is the headline feature of the round: one brings a long record in media bets, the other supplies the hardware the product is built on, and both are now shareholders in a company that sells generated video to brands, studios and individual creators.

Several other backers joined the same extension: Goldman Sachs Alternatives, Tribe Capital, AI Capital Partners, Smash Capital, GFT Ventures and Valor Capital. Higgsfield says the proceeds will go into its product, its global infrastructure, hiring and its push to win customers. The company was co-founded by Alex Mashrabov, Yerzat Dulat and Mahi de Silva, is headquartered in San Francisco and keeps deep roots in Kazakhstan through Astana Hub, which is why it is described there as the country's first AI unicorn. The August round was led by DST Global, and this extension adds a bank's alternatives arm and several growth funds alongside TCV and NVIDIA, though no outlet says how much any single party put in. With the sum undisclosed, the news is the list of names and the company's account of how it is doing, not a number.

“Every brand, studio and creator now needs more visual content than traditional production can supply, and a new category is forming to meet that demand.”

Alex Mashrabov, co-founder and CEO of Higgsfield, in the press release · prnewswire.com ↗

The announcement came with a set of usage claims. Higgsfield says it has more than 40 million users across 238 countries, with the United States its biggest market and Europe its biggest region. It reports that annualized revenue passed $1 billion in September, eighteen months after launch, and that its enterprise business is growing by more than 100% a month, with contracted business revenue up tenfold since June. Spend data from the corporate card firm Ramp is cited as naming it the fastest-growing image and video AI vendor. Revenue figures have varied between reports: earlier coverage put the run rate nearer $700 million in August, and one outlet says only that it is approaching $1 billion, so the $1 billion figure is the company's own claim. The enterprise figures are the ones the company stresses, since they speak to brands and studios paying for generated video rather than hobbyists trying it out. Mashrabov, the chief executive, frames the company as an answer to a shortfall in conventional production capacity. Its own mix of customers and the Ramp dataset's reach are not broken down in the announcement.

The NVIDIA link goes beyond equity. According to Unite.AI, Higgsfield's platform runs on NVIDIA GPUs from the L40 and A40 through Hopper and Blackwell, is moving to the Vera Rubin generation and uses NVIDIA's Dynamo inference software. The company puts its load at about 12 trillion tokens across some 150 million generations a month. As a showcase, its 15-minute animated short Kök Börü was rendered on Blackwell Ultra hardware, and the project has been released as a free course through Higgsfield Academy. Higgsfield presents the short as proof that its tools can carry a long-form production, and the decision to hand the working method to students at no charge fits its pitch as a platform for filmmakers as well as marketers.

The investors framed the deal in their own terms. TCV's Jay Hoag pointed to the firm's thirty-year record of backing media platforms, naming Netflix, Spotify, Facebook, ByteDance and Electronic Arts as predecessors. NVIDIA's Rev Lebaredian described the application layer as the place where the tokens made in AI factories turn into something useful. Startup Fortune, in its own analysis, reads NVIDIA's stake as one more in a pattern of the chipmaker taking positions in application-layer AI companies. Neither the press release nor the two outlets that followed it puts a figure on the stakes, so what each investor holds remains unknown.

The round sits in a fast sequence of financings. In January 2026 Higgsfield extended its Series A with $80 million at a $1.3 billion valuation, when its run rate was around $200 million. In mid-August it raised $400 million in a Series B at a $5.4 billion valuation led by DST Global, and this extension builds on that. Taken together, the three steps show the company's valuation and run rate climbing within ten months, with the latest round tying it more closely to its main hardware supplier and to an investor with a long media portfolio. The reporting names no dated next step, and neither the company nor its backers have stated the extension's size, so the scale of the round remains unclear to outside readers. Parts of this account come from the company's own press release, so its growth numbers are Higgsfield's claims rather than independently audited figures.