About Hugging Face
Hugging Face is a company based in Paris (France) founded in 2016 by Thomas Wolf, Clement Delangue, and Julien Chaumond. It operates as a SaaS (Software-as-a-Service), Freemium, and Managed Services. Hugging Face has raised $399.91 million across 8 funding rounds from investors including Amazon, Google and Salesforce. Hugging Face has completed 3 acquisitions, including Gradio, Pollen Robotics and XetData. Hugging Face offers products and services including Hugging Face Hub, Transformers, and Inference Endpoints. Hugging Face operates in a competitive market with competitors including Kaggle, Replicate, Outerbounds, PredictionIO and Streamlit, among others.
- Headquarter Paris, France
- Founders Thomas Wolf, Clement Delangue, Julien Chaumond
- Stage Unicorn
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Sectors
Technology
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Email
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Products & Services of Hugging Face
Hugging Face offers a comprehensive portfolio of products and services, including Hugging Face Hub, Transformers, and Inference Endpoints. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for hosting AI models and datasets.
Library for state-of-the-art AI model development.
Optimized deployment solution for AI model inference.
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Funding Insights of Hugging Face
Hugging Face has successfully raised a total of $399.91M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $235 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $235.0M
- First Round First Round
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series D - Hugging Face | Valuation | Salesforce | |
| Apr, 2022 | Amount | Series C - Hugging Face | Valuation | Lux Capital , Addition | |
| Mar, 2021 | Amount | Series B - Hugging Face | Valuation | Lee Fixel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Hugging Face
Hugging Face has secured backing from 28 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Amazon, Google and Salesforce. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on multiple sectors
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Seed and early-stage technology companies are funded by Lux Capital.
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Investments are made in early and growth-stage technology startups.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hugging Face
Hugging Face has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Gradio, Pollen Robotics and XetData. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based data integration and visual analytics solutions are offered.
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Provider of machine learning, web development, and hosting services
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Humanoid robots are developed for collaboration and education.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hugging Face
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Hugging Face Comparisons
Competitors of Hugging Face
Hugging Face operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kaggle, Replicate, Outerbounds, PredictionIO and Streamlit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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IT courses and data science competitions are hosted online.
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A cloud-based open-source platform for machine learning models is offered.
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AI-based open-source machine learning platform
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Open source machine learning server is utilized for predictive features.
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Provider of a Python app framework for machine learning and data science applications
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hugging Face
Frequently Asked Questions about Hugging Face
When was Hugging Face founded?
Hugging Face was founded in 2016.
Where is Hugging Face located?
Hugging Face is headquartered in Paris, France.
Who is the current CEO of Hugging Face?
Clement Delangue is the current CEO of Hugging Face. They have also founded this company.
Is Hugging Face a funded company?
Hugging Face is a funded company, having raised a total of $399.91M across 8 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Jun 01, 2016.
What does Hugging Face do?
Hugging Face is recognized as a central platform where the machine learning community collaborates on models, datasets, and applications. It is utilized for hosting and sharing unlimited public resources across various modalities including text, image, video, audio, and 3D. Solutions such as optimized inference endpoints and enterprise-grade security are provided to support teams and organizations in building advanced AI. The platform is supported by an open-source stack that accelerates development and deployment in the AI sector.
Who are the top competitors of Hugging Face?
Hugging Face's top competitors include Outerbounds, Replicate and Kaggle.
What products or services does Hugging Face offer?
Hugging Face offers Hugging Face Hub, Transformers, and Inference Endpoints.
How many acquisitions has Hugging Face made?
Hugging Face has made 3 acquisitions, including Gradio, Pollen Robotics, and XetData.
Who are Hugging Face's investors?
Hugging Face has 28 investors. Key investors include Amazon, Google, Salesforce, Qualcomm, and Nvidia.
What is Hugging Face's valuation?
The valuation of Hugging Face is $4.5B as of Aug 2023.
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