At the strategic branch “AI Economy. Assets of the Future: AI, Infrastructure, Energy” held in Almaty, Erzat Dulat, co-founder of Higgsfield AI, shared insights into the company’s growth rates and plans to multiply its market valuation in the coming years. According to Digital Business, the discussion centered on attracting hundreds of millions of dollars in investment.
The co-founder noted that the secondary market has already formed a reliable base for the startup’s valuation, grounded in real transactions.
“Higgsfield is already being traded on the secondary market: I know of liquid deals involving Higgsfield shares at a $4 billion valuation. Naturally, in the new Series B round, we cannot go below this, as such a valuation has already been established in the secondary market,” emphasized Erzat Dulat.
He added that he considers the current $4 billion valuation to be conservative when compared to the multipliers of competitors. For instance, ElevenLabs, which has the same ARR (Annual Recurring Revenue) as Higgsfield, closed its round at an $11 billion valuation. Higgsfield is a younger company and has been growing significantly faster.
Aggressive Strategy in a Volatile Market
Erzat Dulat characterized the current AI market as extremely volatile and unpredictable. Leadership among models shifts rapidly—from the dominance of OpenAI to the explosive growth of players like Anthropic, which can deliver phenomenal results in just a few months. In such an environment, the company has adopted an “offensive” approach, constantly seeking “moonshots” and developing new products.
The Path to $100+ Billion
Higgsfield AI plans to follow the trajectory of the world’s most valuable AI companies. According to Dulat, the bar for success in the industry has reached unprecedented heights.
“Canva is valued at $40 billion, and we understand how to reach that level. But our goal is 100x growth. Simply being a unicorn today is no longer enough. We want to become a company worth $100+ billion. We see how quickly this happens in our industry: if Canva is worth $40 billion, Anthropic is already being valued at nearly a trillion. We plan to grow just as fast.”
Targeting One Billion ARR
To realize these ambitions, the company is focused on scaling the business several times over. The rapid growth in revenue from prosumers and corporate clients currently allows the company to aim for billion-dollar ARR figures in the short term. Growing at 30% month-over-month (MoM), the company expects to exceed $1 billion in ARR by the end of the year.
Series B Round at $4 Billion+ Valuation
The discussion also featured renowned venture investor Murat Abdrakhmanov, who emphasized that the speed of development for modern AI startups has no historical precedent. While it previously took a decade to reach “unicorn” status, today’s market leaders like Higgsfield AI achieve it in a matter of months due to a colossal technological shift.
The investor also shared exclusive details of the current round:
“In July last year, we closed a round for Higgsfield where Kazakhstani investors entered at a valuation of $260 million. Today, the valuation exceeds $4 billion. I want to mention that we received an allocation of over $10 million for the new round, providing Kazakhstani investors the opportunity to join this success story.”
According to Abdrakhmanov, such rapid growth is driven by the fact that AI technologies are transforming already established, mature markets (SaaS, social networks, the internet) in a geometric progression.
