[TECHCRUNCH] Hugging Face raises $235M from investors including Salesforce and Nvidia
Hugging Face, a platform for developing AI models and tooling, has raised $235 million in a venture funding round.
[ sourced from TechCrunch
This is the best summary I could come up with:
As first reported by The Information, then seemingly verified by Salesforce CEO Marc Benioff on X (formerly known as Twitter), AI startup Hugging Face has raised $235 million in a Series D funding round.
The tranche, which had participation from Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce and Sound Ventures, values Hugging Face at $4.5 billion.
That’s double the startup’s valuation from May 2022 and reportedly more than 100 times Hugging Face’s annualized revenue, reflecting the enormous appetite for AI and platforms to support its development.
Hugging Face also provides libraries for tasks like data set processing and evaluating models in addition to an enterprise version of the hub that supports software-as-a-service and on-premises deployments.
Much of what Hugging Face delivers falls into MLOps, a category of tools for streamlining the process of taking AI models to production and then maintaining and monitoring them.
With this latest investment, Delangue says that Hugging Face plans to “double down” on its supportive efforts in many domains, including research, enterprise and startups.
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![[HN] Hugging Face raises $235M from investors including Salesforce and Nvidia](https://lemmy.uhhoh.com/pictrs/image/0a493b86-273a-42c0-9217-dedc53b83b6f.png?format=webp&thumbnail=196)