AI video platform Higgsfield has completed an extension of its Series B funding round, adding new investments from TCV and NVIDIA (NASDAQ: NVDA), with the specific amount undisclosed. The funds will be allocated toward product development, global infrastructure, hiring, and market expansion.

According to publicly available information, Higgsfield is headquartered in San Francisco and was co-founded by Alex Mashrabov, Yerzat Dulat, and Mahi de Silva, with Mashrabov also serving as Chief Executive Officer. The company stated that 18 months after launch, it surpassed $1 billion in annualized revenue in September of this year. Enterprise customer contract revenue has grown tenfold since June. The platform has more than 40 million users spanning 238 countries and regions, processing 12 trillion tokens and 150 million generations per month.

This extension round builds on top of the Series B led by DST Global in August of this year, with Goldman Sachs Asset Management, Tribe Capital, Smash Capital, and others having previously participated.