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.
Raised: $100.0M
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.
Source: https://huggingface.co/blog/series-c