The company plans to use the latest investment to expand its efforts in research, enterprise, and startups. It currently has 10,000 customers and more than 50,000 organizations on its platform. Hugging Face also collaborates with major cloud providers, some of which are strategic investors, and has launched several open-source models and projects.
Key takeaways:
- AI startup Hugging Face has raised $235 million in a Series D funding round, bringing its total funding to $395.2 million and valuing the company at $4.5 billion.
- Hugging Face offers a platform for creating, testing and deploying machine learning, with tools including a GitHub-like hub for AI code repositories, models and data sets, and web apps to demo AI-powered applications.
- The company has 10,000 customers and hosts over 1 million repositories on its model hub, with strong interest in AI from the enterprise contributing to its growth.
- With the latest investment, Hugging Face plans to expand its efforts in research, enterprise and startups, and recruit new talent over the coming months.