Utopai, an AI film studio that says it has more than 20 projects in the works, raised $60M at a $1B valuation

Generative video creation now yields substantially more revenue per token than text, opening new monetization avenues.

Higgsfield, an AI video and image creation platform, has extended its Series B financing with new investment from TCV and NVIDIA. This follows an initial Series B led by DST Global in August 2026. The company, which claims over 40 million users globally and crossed $1 billion in annualized revenue in September 2026, will use the funds for product development, global infrastructure, hiring, and market expansion. TCV's investment highlights their belief in Higgsfield's ability to revolutionize media creation, while NVIDIA's participation aligns with NVIDIA CEO Jensen Huang's visit to Kazakhstan. Higgsfield, with roots in Kazakhstan and headquartered in San Francisco, processes 12 trillion tokens monthly and utilizes NVIDIA infrastructure for its operations. The company also operates Higgsfield Academy, an AI filmmaking learning platform.

The significant investment from TCV and NVIDIA underscores the perceived immense growth potential in AI-powered visual content generation, positioning Higgsfield as a major player in a rapidly forming market category. This move signals a broader trend of established venture capital and major tech players betting heavily on platforms that can meet the escalating demand for visual media across advertising, entertainment, and the creator economy.

Higgsfield's operational scale, processing trillions of tokens monthly and leveraging advanced NVIDIA hardware, highlights the increasing compute demands of sophisticated AI content creation. The company's success in commanding higher revenue yields for visual tokens compared to text suggests a strategic advantage and a potential shift in the economic model for AI-driven content, prioritizing visual outputs.