Hugging Face has been fielding M&A interest for a deal worth at least $13 billion
Hugging Face, an AI developer platform, has been exploring a potential $13 billion sale, highlighting its key role in the AI ecosystem.
AI developer startup Hugging Face is exploring a potential acquisition for at least $13 billion, according to sources familiar with the matter. The platform, which allows developers to publish, share, and download various AI models, has been in talks to be acquired, following Stripe's acquisition of AI model marketplace OpenRouter for around $8 billion.
Hugging Face's platform serves as a hub for developers to discover, share, and build AI models, and the upcoming sale indicates growing investor interest in AI developer platforms as the industry evolves. The company's last valuation was $4.5 billion in 2023, according to PitchBook, and it has attracted investment from prominent firms such as Lux Capital, Addition, and Salesforce Ventures.
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Also reported by 1 other outlet
- Hugging Face exploring sale valuing it at US$13 billion: report businesstimes.com.sg
