Hugging Face
Open-source AI platform; the GitHub for machine learning models, datasets, and demos
SectorsAI Software
Market Metrics
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
Updated at 2026-Q1
Funding History
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 |
Updated at 2026-Q1
Product Specifications
| 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 |
Updated at 2026-Q1
Partnerships & Investors
NVIDIAStrategic / Investor
Series D investor; HF a launch partner on NVIDIA NIM and NeMo Microservices; DGX Cloud integration.
AMDStrategic / Investor
Series D investor; HF optimizes Transformers for ROCm + MI300/MI325.
IntelStrategic / Investor
Series D investor; Optimum library co-developed for Intel hardware (CPU + Gaudi).
QualcommStrategic / Investor
Series D investor; HF models ported to Qualcomm AI Hub for on-device inference.
GoogleStrategic / Investor
Series D investor; Vertex AI Model Garden mirrors HF; co-published research.
AWSStrategic / Cloud
Bedrock and SageMaker JumpStart integration; HF a top-tier ISV on AWS.
Microsoft AzureStrategic / Cloud
Azure AI Foundry hosts HF endpoints; Office Copilot RAG via HF embeddings.
SalesforceStrategic / Investor
Series D lead investor; HF models powering portions of Einstein Trust Layer.
Pollen Robotics (acquired Apr 2025)Acquisition
French maker of the Reachy humanoid; basis for LeRobot reference hardware.
Updated at 2026-Q1
Key Milestones
2016
Company Founded
Clément Delangue, Julien Chaumond, Thomas Wolf launch Hugging Face originally as a teen chatbot app
Oct 2018
Transformers Library Released
Open-source library wraps BERT and GPT for PyTorch and TensorFlow; becomes the industry standard
2020
Pivot to Open-Source AI Platform
Hub launches as model + dataset registry; chatbot product wound down
May 2022
Series C at $2B
Hub crosses 100K models; Lux Capital leads the round
Aug 2023
Series D at $4.5B
Strategic round with every major chip company (NVIDIA, AMD, Intel, Qualcomm, IBM) plus Google + Salesforce
Mar 2024
LeRobot Launch
Open-source robotics platform; first home for community-built humanoid datasets and policies
Apr 2025
Pollen Robotics Acquisition
Acquires the French maker of the Reachy humanoid; LeRobot now ships with a reference hardware platform
Apr 2025
Hub Crosses 1M Models
Open-source model registry hits 1M+ models, 200K+ datasets, 200K+ Spaces
Aug 2025
Series E at ~$7B
~$500M led by Radical Ventures and Inovia Capital; lifts total funding to ~$1.7B
Q4 2025
HUGS On-Prem
HUGS deployment platform GA; lets enterprises run open-weight models on-prem with one-click deployments
Updated at 2026-Q1