Hugging Face Receives $235M Investment Raising Value To 4.5B

Salesforce took the lead in a $235 million financing round for Hugging Face, raising its valuation to $4.5 billion.

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The financing round was also joined by technology giants, including Google, Amazon, Nvidia, Intel, AMD, and IBM.

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The capital infusion will fuel Hugging Face’s team growth and open-source AI collaboration, CEO Clement Delangue shared with Venture Beat.

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Founded in 2016, Hugging Face is home to hundreds of thousands of AI models from Amazon, Google, Meta, Microsoft. and others.

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Futurom Group analyst Todd Weiss noted that large enterprises’ interest in AI startups like Hugging Face is an ongoing trend.

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Investment rounds like this are logical, given the cost of AI development and the growing demand in the space.

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Hugging Face Receives $235M Investment Raising Value To 4.5B

Learn more about how the latest round of investments from big tech companies into Hugging Face could shape open-source AI development.

Brought to you by Trickyenough

Salesforce took the lead in a $235 million financing round for Hugging Face, raising its valuation to $4.5 billion.

Brought to you by Trickyenough

The financing round was also joined by technology giants, including Google, Amazon, Nvidia, Intel, AMD, and IBM.

Brought to you by Trickyenough

The capital infusion will fuel Hugging Face’s team growth and open-source AI collaboration, CEO Clement Delangue shared with Venture Beat.

Brought to you by Trickyenough

Founded in 2016, Hugging Face is home to hundreds of thousands of AI models from Amazon, Google, Meta, Microsoft. and others.

Brought to you by Trickyenough

Futurom Group analyst Todd Weiss noted that large enterprises’ interest in AI startups like Hugging Face is an ongoing trend.

Brought to you by Trickyenough

Investment rounds like this are logical, given the cost of AI development and the growing demand in the space.

Brought to you by Trickyenough