Hugging Face Raised $235M Series D Funding at a $4.5 Billion Valuation

Hugging Face, one of the major players in the generative ai space has raised $235M at a $4.5 billion valuation

Source: Hugging Face

Company Name: Hugging Face
Location: NYC, USA and Paris, France
Nature of Business: Open-source AI platform
Funding Raised: $235M in Series D round
Company Valuation: $4.5 billion
Lead Investor: Salesforce Ventures
Other Investors: Amazon, Google, Nvidia, IBM, Intel, AMD, Qualcomm, Sound Ventures
Purpose for Funds: Accelerate technology innovation

Background:

Nature of Product/Service: Provides an open-source and open science artificial intelligence platform.
Target Audience: Developers
Key Features:
Allows users to share models, data, and code.
Offers an online hub for professionals to find and use AI models, datasets, and code.

Achievements:

Repository Size: The platform hosts 500,000 AI models and 250,000 datasets.
Partnerships: Hugging Face has established partnerships with several of its investors, including Nvidia, AWS, and IBM.

Hugging Face is currently hiring engineering and sales roles gearing up for some major growth.

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