About Hugging Face
Hugging Face allows users to build, train, and deploy art models using the reference open source in machine learning.
Headquarters
Hugging Face, Brooklyn
Founded
2016-01-01
Industry
Artificial Intelligence (AI), Generative AI, Machine Learning, Natural Language Processing, Open Source, Software
Last Funding Type
Series D
Valuation
10
Total Funding
$395.20 million dollars
IPO Status
Private
Financial
Funding Rounds
7
Number of Lead Investors
5
Total Funding Amount
$395.20 million dollars
Number of Investors
38
Hugging Face vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Hugging Face | $10B | $395.20M | 7 |
| Weights & Biases | $5B | $250.00M | 7 |
| SeekOut | $1B | $188.60M | 4 |
| Tanium | $9B | $1.05B | 14 |
| Canva | $51B | $2.51B | 19 |
| Postman | $6B | $433.00M | 5 |
| Confluent | $18B | $455.90M | 8 |
| Dataiku | $4B | $846.84M | 11 |
| QuintoAndar | $5B | $755.27M | 9 |
| SandboxAQ | $8B | $825.00M | 3 |
| Collibra | $5B | $596.52M | 9 |
| 1Password | $14B | $920.14M | 3 |
| DFINITY | $2B | $166.88M | 6 |
| Mysten Labs | $2B | $336.01M | 3 |
| Cerebras Systems | $26B | $715.00M | 7 |
| Wave (Financial Software) | $2B | $79.75M | 10 |
| Enya (Software Development Applications) | $3B | $1.50M | 2 |
| Latch | $1.6B | $342.12M | 7 |
| Concordium | $1B | $76.10M | 8 |
| AvidXchange | $4.9B | $1.13B | 10 |
| Zoox | $2B | $1.01B | 5 |
| SparkCognition | $1B | - | - |
| CoinTracker | $4B | $101.62M | 3 |
| Offchain Labs | $1B | $123.70M | 3 |
| Shield AI | $5B | $1.07B | 14 |
| Twilio | $2B | $614.42M | 13 |
| Quotient Technology | $1.2B | $284.26M | 10 |
| Databricks | $38B | $14.00B | 13 |
| Asapp | $2B | $380.00M | 5 |
| Miro | $88B | $476.30M | 5 |
| InsideSales.com | $3B | $251.20M | 6 |
| Asana | $50B | $453.20M | 13 |
| AppDirect | $2B | $574.50M | 9 |
| Gong.io | $7B | $583.00M | 8 |
| Anthropic | $12B | $13.74B | 11 |
| Improbable | $11B | $704.03M | 7 |
| Notion | $110B | $343.20M | 7 |
| Zenefits | $14B | $584.10M | 6 |
| Dialpad | $2B | $450.00M | 9 |
| Grammarly | $39B | $400.00M | 3 |
| Lattice | $18B | $330.32M | 9 |
| Couchbase | $1B | $251.00M | 9 |
| Workfront | $2B | $375.00M | 5 |
| DriveNets | $2B | $587.00M | 4 |
| Fusion-io | $1.5B | $111.50M | 3 |
| TaxBit | $3B | $253.36M | 8 |
| Epirus | $1B | $287.63M | 4 |
| Copper | $2B | $102.00M | 5 |
| Groq | $4B | $1.00B | 6 |
| Slack | $23B | $1.39B | 13 |
| Synthego | $1B | $459.69M | 9 |
| OpenWeb | $2B | $393.00M | 6 |
| Cylance | $1B | $297.00M | 6 |
| AppDynamics | $2B | $364.50M | 11 |
| SentinelOne | $9B | $696.52M | 9 |
| Tonal | $3B | $580.00M | 7 |
| Roku | $1.3B | $212.01M | 11 |
| Commure | $4B | $620.50M | 8 |
| Remote | $17B | $496.00M | 5 |
| Mainspring | $1B | $32.50M | 2 |
| Tradeshift | $8B | $1.13B | 14 |
| Qualia | $2B | $160.00M | 6 |
| Retool | $29B | $141.00M | 5 |
| Matillion | $3B | $290.00M | 7 |
| Schroedinger | $0.8B | $577.22M | 10 |
| Jfrog | $3.9B | $226.50M | 6 |
| Datto | $4.3B | $100.00M | 3 |
| SmartRent | $2.2B | $256.50M | 6 |
| Deem | $1B | $536.13M | 13 |
| Meta Platforms | $104B | $25.61B | 15 |
| Forto | $2B | $593.38M | 6 |
| Active Network | $1B | $344.19M | 9 |
| Anduril | $25B | $3.67B | 8 |
| Flexport | $152B | $2.70B | 19 |
| Trax Retail | $5B | $1.08B | 13 |
| Skydio | $4B | $740.00M | 9 |
| Niantic | $18B | $770.00M | 6 |
| Cruise | $330B | $15.97B | 13 |
| Vianai | $2B | $190.00M | 2 |
| Contrast Security | $3B | $269.00M | 5 |
| Clari | $3B | $496.00M | 8 |
| StarkWare | $32B | $273.00M | 8 |
| Pilot | $9B | $172.10M | 6 |
| Procore | $9.6B | $654.02M | 17 |
| Fleetmatics Group | $0.6B | $93.00M | 2 |
| Carbonite | $0.2B | $191.20M | 8 |
| Concur Technologies | $0.2B | $291.75M | 2 |
| Vercel | $8B | $563.00M | 5 |
| Divvy | $7B | $417.50M | 5 |
| Placer.ai | $6B | $267.51M | 10 |
| Nexthink | $2B | $345.88M | 8 |
| Sumo Logic | $2.2B | $340.00M | 6 |
| Lucid | $3B | $3.82M | 4 |
| Pipedrive | $5B | $90.20M | 8 |
| Udacity | $2B | $240.00M | 6 |
| Palantir Technologies | $308B | $3.03B | 28 |
| Andela | $3B | $381.01M | 9 |
| Scopely | $41B | $998.50M | 10 |
| Nicira Networks | $1B | $41.82M | 4 |
| Evolv Technology | $1.7B | $483.32M | 10 |
| SWORD Health | $2B | $453.47M | 11 |
| Weave | $1.5B | $168.00M | 8 |
| Applied Intuition | $22B | $901.50M | 7 |
| ClassDojo | $17B | $191.10M | 6 |
| HyperScience | $7B | $288.88M | 9 |
| SmartNews | $2B | $410.29M | 6 |
| LogMeIn | $0.3B | $30.00M | 5 |
| Material Security | $4B | $162.00M | 4 |
| Planet Labs | $2.8B | $573.90M | 10 |
| Cohesity | $10B | $955.00M | 10 |
| Gusto | $547B | $746.10M | 15 |
| Checkr | $60B | $679.00M | 8 |
| Sourcegraph | $5B | $248.00M | 7 |
| Productboard | $5B | $261.70M | 8 |
| Amplitude | $4.6B | $311.48M | 14 |
| ThoughtSpot | $13B | $663.70M | 12 |
| Veriff | $6B | $192.32M | 7 |
| Uber | $82.4B | $30.21B | 33 |
| Motive | $3B | $567.30M | 9 |
| Hasura | $2B | $136.50M | 4 |
| Evernote | $11B | $290.00M | 12 |
| Dapper Labs | $76B | $612.51M | 7 |
| Ada (Business/Productivity Software) | $1B | $190.62M | 7 |
| Rebellion Defense | $1B | $150.00M | 2 |
| Stack Overflow | $12B | $153.00M | 6 |
| Netscape Communications | $1.2B | $8.00M | 3 |
| Druva | $2B | $475.00M | 9 |
| Foundry Networks | $3B | - | 1 |
| Luminar | $2.9B | $709.75M | 11 |
| AlphaSense | $2B | $1.42B | 12 |
| Anaplan | $1.4B | $299.90M | 9 |
| TravelPerk | $4B | $664.14M | 12 |
| Rubrik | $6.6B | $554.30M | 12 |
| Knock | $4B | - | - |
| Cresta | $6B | $276.00M | 5 |
| Leslie | $3B | - | 1 |
| MarkForged | $2.1B | $346.80M | 7 |
| Invoca | $1B | $201.50M | 7 |
| Degreed | $4B | $462.74M | 16 |
| Looker | $5B | $280.50M | 7 |
| People.ai | $4B | $200.00M | 9 |
| Upstart | $10B | $944.05M | 9 |
| Quantenna Communications | $0.5B | $186.13M | 12 |
| Braze | $6B | $175.10M | 9 |
| Freshworks | $10B | $484.00M | 9 |
| GitLab | $11B | $413.50M | 7 |
| Graphcore | $8B | $682.00M | 7 |
| Loom | $11B | $203.55M | 8 |
| Zuora | $1.4B | $647.50M | 11 |
| InTouch Health | $1B | $49.20M | 6 |
| Alation | $7B | $314.95M | 7 |
| Airtable | $282B | $1.35B | 10 |
| Fundbox | $8B | $553.50M | 9 |
| View (Building Products) | $1.6B | $2.57B | 20 |
| Nimble Storage | $1.5B | $98.75M | 5 |
| Vast | $4B | $381.00M | 7 |
| ID.me | $14B | $407.25M | 22 |
| Figma | $180B | $748.62M | 8 |
| Dynatrace | $4.4B | $21.90M | 4 |
| Snap Group | $31B | $3.26M | 1 |
| Rubicon | $10B | $501.70M | 12 |
| Modern Health | $4B | $167.40M | 6 |
| Cribl | $2B | $721.21M | 7 |
| Chainalysis | $9B | $536.62M | 13 |
| Branch | $24B | $667.05M | 10 |
| Benchling | $37B | $411.90M | 9 |
| Pure Storage | $3.1B | $529.26M | 8 |
| Automile | $4B | $47.31M | 4 |
| Airbyte | $3B | $181.20M | 4 |
| Back | $15B | $3.30M | 2 |
| Sourcefire | $2B | $40.50M | 5 |
| Density | $11B | $217.20M | 9 |
| SingleStore | $11B | $464.10M | 11 |
| FiscalNote | $1.3B | $637.33M | 23 |
| Bowery | $9B | $1.65M | 4 |
| Takko | $2B | - | 3 |
| Auth0 | $6B | $332.28M | 10 |
| Salt Security | $1B | $271.00M | 8 |
| Roblox | $14B | $874.45M | 13 |
| CircleCI | $10B | $315.00M | 9 |
| Addepar | $11B | $531.36M | 7 |
| AgentSync | $5B | $161.10M | 5 |
| Proofpoint | $0.4B | $885.50M | 7 |
| SnapLogic | $5B | $371.30M | 10 |
| Signifyd | $4B | $409.00M | 7 |
| Spendesk | $3B | $311.85M | 6 |
| Notion Labs | $60B | - | - |
| Pilot.com | $1B | $172.10M | 6 |
| DocuSign | $4.5B | $536.20M | 20 |
| Lucid Software | $12B | $670.36M | 8 |
| BloomReach | $2B | $452.00M | 7 |
| DataStax | $5B | $342.57M | 10 |
| Insider | $5B | $772.10M | 9 |
| Snyk | $15B | $1.20B | 13 |
| PagerDuty | $1.8B | $523.60M | 8 |
| SAP Concur | $0.2B | $291.75M | 2 |
| OpenAI | $20B | $21.90B | 10 |
| Innovaccer | $3B | $379.10M | 7 |
| Iterable | $2B | $342.20M | 7 |
| Dataminr | $41B | $1.05B | 14 |
| Alto Pharmacy | $3B | $680.03M | 11 |
| Mirakl | $7B | $6.41M | 5 |
| LaunchDarkly | $6B | $330.30M | 8 |
| Bellabeat | $8B | $18.82M | 7 |
| Lyft | $24B | $5.31B | 29 |
| Workhuman | $1B | $131.48M | 4 |
| Storable | $6B | $10.00M | 1 |
| $12.7B | $1.49B | 26 | |
| MySQL | $1B | $39.80M | 3 |
| MindTickle | $1B | $281.30M | 7 |
| Moveworks | $4B | $305.00M | 3 |
| GrubMarket | $20B | $499.10M | 8 |
| Flywire | $8B | $583.30M | 10 |
| Outreach | $22B | $489.02M | 13 |
| Splashtop | $3B | $114.00M | 5 |
| Stack | $2B | $5.04M | 5 |
| SoundHound | $2.1B | $451.00M | 11 |
| Salesforce | $1.1B | $65.38M | 7 |
| iRobot | $2B | $230.00M | 6 |
| $23.1B | $26.10M | 3 | |
| Clio | $3B | $1.29B | 6 |
| Tipalti | $25B | $715.00M | 10 |
| Cloudflare | $4.4B | $332.20M | 7 |
| Box | $1.7B | $1.46B | 15 |
| Fastly | $1.5B | $369.00M | 8 |
| Kong | $7B | $344.10M | 7 |
| Mark43 | $8B | $268.82M | 8 |
| Owkin | $3B | $304.10M | 8 |
| Aiven | $6B | $420.00M | 6 |
| Dropbox | $9.2B | $1.71B | 13 |
| Contentful | $6B | $349.60M | 9 |
| Turing | $11B | - | 2 |
| Riskified | $3.3B | $228.65M | 8 |
| MURAL | $4B | $192.28M | 6 |
| Duo Security | $2B | $121.50M | 7 |
| The Zebra | $2B | $2.50B | 3 |
| Expensify | $2.2B | $138.20M | 9 |
| InVision | $4B | $356.20M | 10 |
| Relativity | $37B | $125.00M | 2 |
| Yammer | $15B | $142.00M | 6 |
| iSpot.tv | $2B | $382.80M | 5 |
| PayFit | $6B | $495.75M | 7 |
Growth Trends & Market Impact
Hugging Face may be growing as it has established multiple partnerships with significant industry players, including Google Cloud, ServiceNow, NVIDIA, and Dell Technologies, to enhance AI development and generative AI applications. These collaborations are aimed at attracting AI developers, releasing new open-access large language models (LLMs), and simplifying generative AI with on-premises IT solutions. Furthermore, Hugging Face has confirmed the launch of a free open source AI Assistant service, positioning itself as an alternative to OpenAI, which indicates an expansion of its product offerings and a potential increase in its user base.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 16.01.2024 | $395.20 million dollars | |
| №2 | 23.08.2023 | $235.00 million dollars |
Salesforce Ventures |
| №3 | 09.05.2022 | $100.00 million dollars |
Lux Capital |
| №4 | 11.03.2021 | $40.00 million dollars |
Addition |
| №5 | 17.12.2019 | $15.00 million dollars |
Lux Capital |
| №6 | 23.05.2018 | $4.00 million dollars |
Ronny Conway |
| №7 | 05.03.2017 | $1.20 million dollars |
Betaworks |