Higgsfield CEO Alexander Mashrabov granted Kazakh citizenship, applies to drop Russian
The gist
Higgsfield CEO Alexander Mashrabov received Kazakh citizenship and applied to renounce his Russian one.
Kazakhstan bars dual citizenship, so he must give up his Russian passport.
How it unfolded
- 2023Mashrabov and Kazakh machine learning researcher Yerzat Dulat founded Higgsfield, an AI video startup.
- Aug 17, 2026Higgsfield announced a $400 million Series B financing at a $5.4 billion valuation, with annualized revenue reaching $700 million.
- Oct 30, 2026Kazakh President Kassym-Jomart Tokayev signed the decree granting Mashrabov Kazakh citizenship.
Key terms
- dual citizenship
- Legal status of being recognized as a citizen by two countries at the same time.
- Series B
- A funding round in which a startup raises venture capital, typically its third major round of institutional financing.
- private beta
- A testing stage of software development in which a limited group of users tries a product before its public release.
Source: Wikipedia