
Hugging Face Blog
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We Raised $100 Million for Open & Collaborative Machine Learning 馃殌
Today we have some exciting news to share! Hugging Face has raised $100 Million in Series C funding 馃敟馃敟馃敟 led by Lux Capital with major participations from Sequoia, Coatue and support of existing investors Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman from Thirty Five Ventures, Olivier Pomel (co-founder & CEO at Datadog) and more.
We've come a long way since we first open sourced PyTorch BERT in 2018 and are just getting started! 馃檶
Machine learning is becoming the default way to build technology. When you think about your average day, machine learning is everywhere: from your Zoom background, to searching on Google, to ordering an Uber or writing an email with auto-complete --it's all machine learning.
Hugging Face is now the fastest growing community & most used platform for machine learning! With 100,000 pre-trained models & 10,000 datasets hosted on the platform for NLP, computer vision, speech, time-series, biology, reinforcement learning, chemistry and more, the Hugging Face Hub has become the Home of Machine Learning to create, collaborate, and deploy state-of-the-art models.
Over 10,000 companies are now using Hugging Face to build technology with machine learning. Their Machine Learning scientists, Data scientists and Machine Learning engineers have saved countless hours while accelerating their machine learning roadmaps with the help of our products and services.
鈿狅笍 But there鈥檚 still a huge amount of work left to do.
At Hugging Face, we know that Machine Learning has some important limitations and challenges that need to be tackled now like biases, privacy, and energy consumption. With openness, transparency & collaboration, we can foster responsible & inclusive progress, understanding & accountability to mitigate these challenges.
Thanks to the new funding, we鈥檒l be doubling down on research, open-source, products and responsible democratization of AI.
For press inquiries, please contact team@huggingface.co
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