Higgsfield CEO says company reached near $1B annualized revenue after pivot to camera control
Overview
Higgsfield CEO Alex Mashrabov says, in a 20VC interview, that the company spent over $10 million before finding product-market fit around camera control for creators.
He says annualized revenue is near $1 billion, calculated as the last four weeks of revenue multiplied by 13. The figure is his own calculation and has not been independently verified.
Mashrabov also says the company's internal model spending exceeds $4 million per month. He says Higgsfield will not chase the best-model leaderboards and will instead build models where its customers need them.
Written by AI from the articles below · updated Nov 11, 1:39 AM ET
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meng shao@shao__mengXHiggsfield's founder explains its pivot, revenue growth, and model strategyAIHiggsfield CEO Alex Mashrabov, in a 20VC interview, says the company spent over $10 million before finding product-market fit around camera control for creators. He says annualized revenue is near $1 billion, calculated from the last four weeks times 13, and that the company's internal model spending exceeds $4 million per month. He also says it will not chase the best-model leaderboards, but build models where customers need them.
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