Sources: Hugging Face has been exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to gauge bidders' interest (Katie Roof/Business Insider)
The AI industry's next blockbuster acquisition may not be another model maker. — Hugging Face, whose platform helps developers discover …
Hugging Face, a platform that helps developers discover, share, and build AI models, has been exploring a sale that could value the company at $13 billion or more. This is up from a valuation of $4.5 billion in 2023, according to PitchBook. The startup has been working with a bank to gauge bidders' interest, although no deal has been reached yet.
The potential sale comes as the AI industry continues to mature, with companies like Hugging Face becoming essential for developers who build with AI models from various providers. Hugging Face's platform allows developers to publish, share, and download various AI models.
Investors in Hugging Face include Lux Capital, Addition, and Salesforce Ventures. According to Business Insider, the talks could show how valuable AI developer platforms have become, with Stripe recently agreeing to buy AI model marketplace startup OpenRouter for around $8 billion.
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