Summary
TLDR: San Francisco-based AI developer Higgsfield raised $8 million in seed funding, focusing on AI video creation tools for social media marketers. The company aims to democratize AI video creation and is not focused on creating feature-length videos. Their flagship app, Diffuse, allows users to create AI-generated videos based on photos. Higgsfield is working on refining their mobile AI video model and plans to add AI watermarking to prevent misuse of content.
Key Points
1. San Francisco-based AI developer Higgsfield announced a successful $8 million seed fundraising round on Wednesday, with plans to invest the funds back into its video creation tools for marketers creating content for social media.
2. Higgsfield’s first priority is the responsible development and democratization of AI video creation, focusing on supporting social media content creators rather than creating feature-length AI-generated videos.
3. The $8 million seed funding round was led by Menlo Ventures and included participation from Charge Ventures, Bitkraft Ventures, K5 Tokyo Black, DVC, and AI Capital Partners, as well as angel investors.