Hugging Face

Private

Featured

AI Community Platform

Founded 2016New York, NY~500 employees

Website

Valuation

$13.5B (Sep 2025)

Total Funding

$3.2B

Revenue

$130M in 2024; growing

Profit Status

Pre-profit

Employees

~500

About Hugging Face

Hugging Face is the leading open-source AI platform, hosting 500,000+ models and 100,000+ datasets. The Transformers library powers much of the modern NLP ecosystem.

Company History

Founded 2016 as chatbot. Pivoted to open-source ML 2018. Transformers library 2019. Hub launched. $235M Series D at $4.5B Aug 2023. ~$2B raise Sep 2025 at $13.5B. Acquired Pollen Robotics (Apr 2025, open-source humanoid robots). Acquired GGML.ai (Feb 2026, bringing llama.cpp under HF umbrella). 2M+ models, 500K datasets, 13M+ users. Controls full open-source AI stack end-to-end.

Company Timeline

2016
Founded as consumer chatbot
2018
Transformers library released - immediately dominant
2019
Model Hub launched
Aug 2023
$235M Series D at $4.5B
Apr 2025
Acquired Pollen Robotics (open-source humanoid 'Reachy')
Sep 2025
~$2B raise at $13.5B valuation; 2M+ models milestone
Feb 2026
Acquired GGML.ai (llama.cpp) - full open-source AI stack ownership; Reachy Mini app store (200+ apps) launched May 2026

Products & Services

Transformers LibraryHubSpacesInference APIDatasetsPEFT

Company Details

Focus Area

AI Community Platform

Stage

Private

Founded

2016

Headquarters

New York, NY