New York-based open-source AI platform often called the GitHub of AI. Hugging Face hosts a large repository of open-source AI models, datasets and machine learning tools used by developers worldwide to build, share and deploy applications, and earns from enterprise services, hosting and compute. Founded in 2016 by Clément Delangue, Julien Chaumond and Thomas Wolf.
1StartupFox story
2016Founded
AI(Open-Source ML Platform)Sector
Aug 2026Latest coverage
Funding
Hugging Face has raised $380M across 5 disclosed rounds, most recently a Series D in 2023.
Hugging Face founded in New York City by Clément Delangue, Julien Chaumond and Thomas Wolf, initially as an AI chatbot app before pivoting to open-source machine learning tools. ↗
2017 · funding
Pre-seed — $1.2M at Not disclosed, led by Betaworks.
2018 · funding
Seed — $4M at Not disclosed, led by Betaworks.
2021 · funding
Series B — $40M at Not disclosed, led by Addition.
2022 · funding
Series C — $100M at Not disclosed, led by Lux Capital.
2023 · funding
Series D — $235M at Not disclosed, led by Salesforce.
Aug 2023 · milestone
Raised $235 million at a $4.5 billion valuation in a round backed by Google, Amazon, Nvidia, Intel, Salesforce, IBM and Qualcomm. ↗
Aug 2026 · acquisition
Nvidia reportedly agreed to acquire Hugging Face for $12.9 billion, per The Information; the deal is unconfirmed by either company and valued at roughly 86 times the platform's ~$150 million annualised revenue. ↗
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New York-based open-source AI platform often called the GitHub of AI. Hugging Face hosts a large repository of open-source AI models, datasets and machine learning tools used by developers worldwide to build, share and deploy applications, and earns from enterprise services, hosting and compute. Founded in 2016 by Clément Delangue, Julien Chaumond and Thomas Wolf.
Who founded Hugging Face?
Hugging Face's founders and leadership on record at StartupFox are Clément Delangue, Julien Chaumond and Thomas Wolf.
How much funding has Hugging Face raised?
Hugging Face has raised $380M across 5 disclosed rounds. The most recent was a $235M Series D in 2023.
Who are Hugging Face's investors?
Disclosed investors in Hugging Face include Salesforce, Google, Amazon, Nvidia, Intel, IBM, Qualcomm, Lux Capital, Sequoia Capital, Coatue Management, Addition, A.Capital.
What is Hugging Face's valuation?
Hugging Face was last reported at Not disclosed, at the time of its Series D in 2023.
What is the latest news on Hugging Face?
The most recent StartupFox coverage is “Nvidia Agrees to Buy Open-Source AI Platform Hugging Face for $12.9 Billion” (27 August 2026). All stories are listed on this page.
Sources & updates
This profile is compiled by the StartupFox desk from company announcements, regulatory and exchange filings (RoC/MCA, NSE/BSE) and our own reporting. 0 of 5 funding rounds link to a named source.
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