Hugging FaceRegister for a premium account to gain access to Sterling AI.
Get StartedThings you can ask Sterling:
Hugging FaceOpen-source AI platform; the GitHub for machine learning models, datasets, and demos
Models Hosted on Hub
1.5M+
Up from ~500K end-2023; canonical open-source AI network effect
Transformers Library Downloads
100M+/mo
De facto industry standard for transformer model loading
Valuation (Aug 2025 Series E)
$7B
+56% from $4.5B (Aug 2023)
Revenue (2024)
~$130M
up from ~$70M (2023); 13M users / 500K+ orgs
Total raised: ~$1.7B+ · Latest valuation: $7B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | May 2017 | $1.2M | - | BetaworksSV AngelNBA's Kevin Durant |
| Series A | Dec 2019 | $15M | - | Lux Capital (lead)Salesforce VenturesBetaworks |
| Series B | Mar 2021 | $40M | ~$400M | Addition (lead)Lux CapitalCoatueBetaworks |
| Series C | May 2022 | $100M | $2B | Lux Capital (lead)SequoiaCoatueAndreessen Horowitz+3 more |
| Series D | Aug 2023 | $235M | $4.5B | Salesforce (lead)GoogleNVIDIAAMD+4 more |
| Series E | Aug 2025 | ~$500M | ~$7B | Radical Ventures (lead)Inovia CapitalNVIDIASalesforce+2 more |
| Product | Type | Status |
|---|---|---|
| Hub | Model + dataset + Spaces registry | GA. 1.5M+ models, 250K+ datasets |
| Transformers | Open-source library for transformer models | Open-source (Apache 2.0). 100M+ downloads/month |
| Datasets | Open-source library for streaming + cached datasets | Open-source |
| Inference Endpoints | Managed GPU inference (AWS / Azure / GCP) | GA |
| Spaces | Gradio + Streamlit demo hosting | GA. 200K+ live demos |
| HUGS | On-prem AI assistant platform for enterprises | GA (Q4 2025) |
| SmolLM family | Open-weight small models (135M / 360M / 1.7B) | Released |
| LeRobot | Open-source robotics platform + Reachy hardware | GA |
| AutoTrain / Optimum / PEFT / TRL / Accelerate | MLOps + fine-tuning libraries | Open-source |
Series D investor; HF a launch partner on NVIDIA NIM and NeMo Microservices; DGX Cloud integration.
Series D investor; HF optimizes Transformers for ROCm + MI300/MI325.
Series D investor; Optimum library co-developed for Intel hardware (CPU + Gaudi).
Series D investor; HF models ported to Qualcomm AI Hub for on-device inference.
Series D investor; Vertex AI Model Garden mirrors HF; co-published research.
Bedrock and SageMaker JumpStart integration; HF a top-tier ISV on AWS.
Azure AI Foundry hosts HF endpoints; Office Copilot RAG via HF embeddings.
Series D lead investor; HF models powering portions of Einstein Trust Layer.
French maker of the Reachy humanoid; basis for LeRobot reference hardware.
Clément Delangue, Julien Chaumond, Thomas Wolf launch Hugging Face originally as a teen chatbot app
Open-source library wraps BERT and GPT for PyTorch and TensorFlow; becomes the industry standard
Hub launches as model + dataset registry; chatbot product wound down
Hub crosses 100K models; Lux Capital leads the round
Strategic round with every major chip company (NVIDIA, AMD, Intel, Qualcomm, IBM) plus Google + Salesforce
Open-source robotics platform; first home for community-built humanoid datasets and policies
Acquires the French maker of the Reachy humanoid; LeRobot now ships with a reference hardware platform
Open-source model registry hits 1M+ models, 200K+ datasets, 200K+ Spaces
~$500M led by Radical Ventures and Inovia Capital; lifts total funding to ~$1.7B
HUGS deployment platform GA; lets enterprises run open-weight models on-prem with one-click deployments
Largest open-source model and dataset hub. Hosts the OpenLLM Leaderboard, hundreds of thousands of model checkpoints, plus Inference Endpoints and AutoTrain managed services. Series D in 2023 raised $235M at a $4.5B valuation led by Salesforce. ARR reported in the high tens of millions range (private). Hugging Face was founded in 2016, is headquartered in New York, NY and employs ~300.
Hugging Face has raised ~$1.7B+ in total at a $7B valuation, based on the funding rounds Sterling tracks.
Sterling groups Hugging Face in the AI Software sector, alongside Databricks (private), Snowflake (SNOW) and MongoDB (MDB).
If you are researching Hugging Face, also look at Snowflake (SNOW) and MongoDB (MDB). You can compare all of them side by side or browse the full AI Software sector on Sterling.
