Hugging Face
Everything you need to know about Hugging Face — from their $395M in funding to who's backing them.
Updated Mar 24, 2026Awaira Score
Out of 100
HQ
United States
Founded
2016
Raised
$395M
Stage
Series D
Team
250
Valuation
$4.5B
Post-money
Total Raised
$395M
All rounds
Awaira Score
82/100
Founded
2016
250 employees
Awaira estimate based on public data. Not financial advice.
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…
Is this your company? Claim it →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.
Market Position
Hugging Face is a AI unicorn in the ML Platform sector. Founded in 2016, the company is currently at the Series D stage with a team of approximately 250 employees. With $395M in total disclosed funding, Hugging Face has demonstrated the ability to attract institutional capital. The company competes with 3 other tracked ML Platform companies on Awaira, including Dataiku and G42.
Key Numbers
Awaira Score
82/100
Valuation
$4.5B
Total Funding
$395M
Founded
2016
Employees
250
Stage
Series D
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.
Why Track Hugging Face?
Hugging Face holds unicorn status in the ML Platform space, placing it among the highest-valued private AI companies globally.
Among 3 tracked competitors, Hugging Face ranks #2 by valuation — a metric investors and analysts use to gauge market standing.
Tracking Hugging Face on Awaira provides real-time updates on funding rounds, investor activity, and competitive moves in the ML Platform market.
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
Models by Hugging Face
View all →Open Positions at Hugging Face
View all jobs →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
Compare Hugging Face
See how Hugging Face stacks up against competitors in valuation, funding, team size, and Awaira Score.
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