Utopai becomes a unicorn as video AI takes off

Mountain View-based video AI startup Utopai Studios raised $60 million at a $1 billion valuation and has already received term sheets for a follow-on round at $2–3 billion. The deal comes amid a surge in video AI: Higgsfield quadrupled its valuation to $5.4 billion in August, and Kling raised nearly $3 billion at a $15 billion valuation.

• Utopai raised $60 million at a $1 billion valuation
• A follow-on round could value the company at $2–3 billion
• Higgsfield quadrupled its valuation to $5.4 billion in August
• Kling raised nearly $3 billion at a $15 billion valuation