Hugging Face secured $235M in funding from investors
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Hugging Face's platform offers a hub for AI repositories and web apps
AI startup Hugging Face has secured an impressive $235 million in Series D funding, backed by tech giants like Google, Amazon, and Nvidia. This places the company's valuation at $4.5 billion, a significant leap from last year. Hugging Face's platform offers diverse data science tools, including a hub for AI repositories and web apps, catering to both individual developers and enterprises. They've also launched paid features for automated model training and accelerated data processing.
CEO Clément Delangue sees AI as a transformative paradigm shift, and Hugging Face is positioned as an open platform driving this transformation. With over 10,000 customers and a growing ecosystem, the company is tapping into the rising demand for AI solutions. The firm's collaborations with major players and its focus on expansion signal a promising future for Hugging Face in the AI sector