Higgsfield, a generative AI video startup, has raised $80 million at a $1.3 billion valuation to enhance its AI-driven video production services. The funding will support enterprise growth and further development of its platform, which enables users to create high-quality videos without advanced technical skills.

AI infrastructure company fal secured $125 million in a Series C funding round, bringing its valuation to $1.5 billion. The round was led by Meritech and included participation from major investors such as Salesforce Ventures and Google AI Futures fund. CEO Burkay Gur highlighted the benefits of generative AI in creating tailored advertising content.