Hugging Face

Enterprise Software

Founded: 2016

Last Round Valuation: $4.57B

Hugging Face is an artificial intelligence (AI) platform that focuses on natural language processing (NLP) and conversational AI. Leveraging state-of-the-art AI technology, Hugging Face enables businesses to build and deploy powerful language models, chatbots, and voice assistants, enhancing customer engagement and automating various language-related tasks.

Hugging Face Overview:

Hugging Face is a company that specializes in developing open-source tools and platforms for natural language processing (NLP) and conversational AI. Their expertise lies in creating state-of-the-art AI models and frameworks that enable developers and businesses to build powerful language-based applications, such as chatbots, voice assistants, and sentiment analysis tools.

One of the key offerings of Hugging Face is their Transformers library, which is a popular open-source library for NLP. Transformers provides a wide range of pre-trained models and tools for tasks such as text classification, language translation, text generation, and more. These models are based on advanced AI architectures, such as BERT, GPT, and XLNet, and can be fine-tuned for specific use cases with minimal effort.

Hugging Face also offers a platform called the Hugging Face Hub, which is a central repository for sharing and discovering pre-trained AI models. The Hub allows developers and researchers to easily access and use state-of-the-art models for various NLP tasks, as well as contribute their own models to the community.

In addition to their open-source offerings, Hugging Face provides enterprise solutions for businesses looking to leverage conversational AI in their products and services. Their solutions include chatbot frameworks, voice assistant platforms, and tools for building and deploying NLP models at scale.

Overall, Hugging Face's mission is to democratize NLP and make language AI accessible to everyone. By providing powerful open-source tools and platforms, they aim to accelerate the development and adoption of conversational AI applications across industries, enabling businesses to create more engaging and intelligent language-based experiences for their users.

Founders:

  • Clément Delangue (CEO)

  • Julien Chaumond (CTO)

  • Thomas Wolf (CSO)

Top Investors:

  • Lux Capital

  • A.Capital

  • Betaworks

  • Salesforce Ventures

Funding Rounds

Funding Rounds

Round Date Post Money Val Amount Raised Price per Share
Series D 2023-08-08 $4.50B $235.00M $25.25
Series C 2022-04-05 $2.00B $100.00M $11.48
Series B 2021-03-10 $440.00M $40.00M $2.76
Series A 2019-12-11 $79.71M $19.71M $0.60
Early Stage VC 2018-05-22 $4.00M
Early Stage VC 2017-03-09 $1.20M

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