Higgsfield AI, a San Francisco, CA-based startup focused on democratizing social media video creation, raised $8m in seed funding.
The round was led by Menlo Ventures, with participation from Charge Ventures, Bitkraft Ventures, K5 Tokyo Black, AI Capital Partners (Alpha Intelligence Capital’s U.S.-based fund) and DVC, among others. Angel investors include Nima Khajehnouri, Ilya Gelfenbeyn, Abhay Parasnis, Amar Hanspal, Jack Brody, and others.
The company intends to use the funds to expand operations and its business reach.
Led by Alex Mashrabov, co-founder & CEO, Higgsfield AI provides Diffuse, an app that enables users to create highly personalized and realistic human characters from a single selfie, offering a new dimension of engagement and creativity in video content. With its Prompt Builder, users can craft original content using text prompts, reference images, or videos, all powered by Higgsfield AI’s proprietary video model.
The company has already launched Diffuse in select markets, including India, South Africa, the Philippines, Canada, and Central Asia, with plans for a gradual global rollout.
FinSMEs
03/04/2024