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

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.