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  • Mal McCallion

Tech Titans Invest Big in AI Start-up Hugging Face

Updated: Nov 5, 2023

Hugging Face, the New York-based AI start-up, is feeling the love from the tech world's biggest players.

Salesforce, Google, Nvidia, Amazon, AMD, Intel, Qualcomm, IBM and Sound Ventures have all huddled together to participate in a massive $235m Series D funding round for the machine learning company. This financial hug has boosted the start-up's valuation to a whopping $4.5bn.

So, what's the big deal about Hugging Face? Well, it's not just a cute name. The start-up has created a collaborative platform, akin to GitHub, where the machine learning community can host their AI models and code. Alongside this, the company provides a range of tools to support developers and offers subscription options with extra features for enterprises.

Hugging Face is currently beaming with pride, having recently reached a significant milestone. According to co-founder and CEO Clement Delangue, the company now hosts over 1 million models, datasets, and apps on its platform. "These partners alone already shared over 1,000 open models and datasets and have over 10,000 users on Hugging Face," Delangue said. "It takes a village to democratise good machine learning thanks to open source and we’re just getting started."

But it's not just about the money. The start-up's machine learning engineer, Rajiv Shah, shared on LinkedIn that the company didn't necessarily need the extra cash. Instead, he said, "careful growth and rising revenue enabled this $235m cash infusion."

The tech world has certainly taken notice of Hugging Face this year. In February, Amazon Web Services announced a collaboration with the start-up to make generative AI more accessible and cost-efficient. And just this month, NASA and IBM released a large geospatial foundation model on Hugging Face, making it widely available to the public.

So, keep an eye on Hugging Face. This start-up is set to make some serious waves in the world of AI.

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