Hugging Face, a New York-based fastest-growing community & most used platform for machine learning, raised $100 Million in Series C funding.
The round was led by Lux Capital, with major participation from Sequoia, Coatue, and support of existing investors Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman from Thirty Five Ventures, Olivier Pomel (co-founder & CEO at Datadog) and more.
With the new funding, Hugging Face will be doubling down on research, open-source, products, and responsible democratization of AI.
Company: Hugging Face, Inc.
Round: Series C
Funding Month: May 2022
Lead Investors: Lux Capital
Additional Investors: Sequoia, Coatue, Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman, and Olivier Pomel
Company Website: https://huggingface.co/
Software Category: Open-source and platform provider of machine learning technologies
About the Company: Founded in 2013, by Clément Delangue and Julien Chaumond, Hugging Face is an artificial intelligence company. Hugging Face is now the fastest-growing community & most used platform for machine learning! With 100,000 pre-trained models & 10,000 datasets hosted on the platform for NLP, computer vision, speech, time-series, biology, reinforcement learning, chemistry, and more, the Hugging Face Hub has become the Home of Machine Learning to create, collaborate, and deploy state-of-the-art models. Their Machine Learning scientists, Data Scientists, and Machine Learning engineers have saved countless hours while accelerating their machine learning roadmaps with the help of our products and services.