Hugging Face

Valuation $10B

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

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.

Funding Rounds 7
Number of Lead Investors 5
Total Funding Amount  $395.20 million dollars
Number of Investors 38

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