Hugging Face
Everything you need to know about Hugging Face — from their $395M in funding to who's backing them.
Awaira Score
Out of 100
HQ
United States
Founded
2016
Raised
$395M
Stage
Series D
Team
250
About Hugging Face
Hugging Face is an AI platform company founded in 2016 that has become a central hub for the machine learning community. The company provides open-source libraries, pre-trained models, and collaborative tools for natural language processing and machine learning development. Its flagship offering, the Transformers library, enables developers to access and fine-tune state-of-the-art models for…
Key Facts
- Hugging Face is valued at $4.5B as of March 2026.
- Hugging Face has raised a total of $395M in disclosed funding across 4 funding rounds.
- Hugging Face was founded in 2016 by Clement Delangue and is headquartered in United States.
- Hugging Face employs approximately 250 people.
- Hugging Face operates in the ML Platform category and is currently at the Series D stage.
- Hugging Face has an Awaira Score of 82/100, ranking it among the highly notable AI companies on Awaira.
- Hugging Face's most recent funding round was a Series D of $240M closed in August 2023, led by Salesforce Ventures.
Source: Awaira · Updated Mar 24, 2026
Valuation
$4.5B
Post-money
Total Raised
$395M
All rounds
Awaira Score
82/100
Founded
2016
250 employees
Strengths & Risks
Strengths
Unicorn status with $4.5B valuation
Elite Awaira Score of 82/100
Growing team of 250 employees
Analysis based on publicly available data. Not investment advice.
Funding Velocity
4
Total Rounds
$98.75M
Avg Round Size
2.6yr
Funding Span
Hugging Face raised 4 rounds over 2.6 years, averaging $98.75M per round — a pace of roughly one round every 8 months.
Awaira estimate based on public data. Not financial advice.
How does Hugging Face stack up against competitors?
Competitor Comparison
| Metric | ★Hugging Face | Dataiku | G42 | Character.AI |
|---|---|---|---|---|
| Awaira Score | 82/100 | 90/100 | 80/100 | 70/100 |
| Total Raised | $395M | $1B | N/A | $150M |
| Valuation | $4.5B | $3.7B | $10B | $2.7B |
| Stage | Series D | Series F | Private | Series A |
| Founded | 2016 | 2013 | 2018 | 2021 |
| Employees | 250 | 1000+ | 1000+ | 100 |
| Country | 🇺🇸 | 🇫🇷 | 🇦🇪 | 🇺🇸 |
Investors in Hugging Face
Funding Rounds
InactiveLed by Salesforce Ventures
$240M
Aug 2023
Led by Coatue Management
$100M
Aug 2022
Led by Sequoia Capital
$40M
Jul 2021
Led by Sequoia Capital
$15M
Jan 2021
Hugging Face Latest News
Lowercase Capital's Chris Sacca Invests in Hugging Face's Open-Source AI Vision
Rajeev Motwani Foundation Endows AI Research Grants Through Hugging Face Partnership
Naval Ravikant Backs Hugging Face's Vision for Open-Source AI
Hugging Face Expands Platform with New AutoML and Model Monitoring Features
Hugging Face Hits $4.5 Billion Valuation as the GitHub of Machine Learning
Open Positions at Hugging Face
View all jobs →Models by Hugging Face
View all →Similar by Funding Stage (Series D)
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