Higgsfield targets $5B valuation and $500M run rate as Sora folds and Runway retreats — TFN

Higgsfield is in talks to raise $300M–$500M at a $5B valuation, up 4x from January

The company told Business Insider its run rate hit $500M in June 2026, up from $200M

Sora shut down in April, and Runway pivoted to world models, clearing its path

Higgsfield is reportedly in talks to raise between $300 million and $500 million at a $5 billion pre-money valuation, according to The Information. That would be more than four times what the AI video startup was worth in January 2026.

DST Global, the firm founded by early Facebook backer Yuri Milner, has reportedly been in discussions to join the round. The financing has not closed, and the terms could still change.