Business Higgsfield AI becomes Kazakhstan’s first unicorn startup, valued at over $1 billion
By Diplomacy Journal Lee Kap-soo Higgsfield AI has officially become Kazakhstan’s first unicorn startup, surpassing a $1 billion valuation, announced co-founder and former Head of Generative AI at Snap Inc. Alex Mashrabov on Sept. 28. According to Mashrabov, the company recently crossed a $50 million run-rate revenue threshold, marking a historic milestone for Kazakhstan’s tech ecosystem. “For the last 15 years, no company in our country has managed to achieve this,” he said. Higgsfield AI’s journey to unicorn status was fueled by investments from leading global funds, including Menlo Ventures