AI startup Hugging Face exploring sale valuing it at $13 billion
The New York-based company, which hosts open-source large language models and datasets, has been working with a bank to gauge bidders' interest, the report said.
Hugging Face, a New York-based AI startup, is exploring a sale that could value the company at $13 billion or more. According to reports, the company has been working with a bank to gauge bidders' interest, with talks still in the early stages.
Hugging Face hosts open-source large language models and datasets, with over 3 million public models and 1 million datasets on its platform. The company was last valued at $4.5 billion in 2023, with investors including Salesforce Ventures, Nvidia, Google, Amazon, Intel, Qualcomm, and IBM.
The potential sale comes after Stripe agreed to acquire model routing service OpenRouter in a deal reportedly worth $7.5 billion. Hugging Face generates revenue from paid subscription tiers, enterprise hosting, and compute, but has not disclosed its financial figures.
Brief written by urgent.news from Economic Times Tech, SiliconANGLE, The Business Times - Companies & Markets, Techmeme, Business Insider — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Hugging Face has been fielding M&A interest for a deal worth at least $13 billion businessinsider.com
- Report: AI model hub Hugging Face exploring sale at $13B valuation siliconangle.com
- Hugging Face in talks for $13bn sale, reports say sifted.eu
- Reports: Hugging Face in talks for sale at $13bn valuation siliconrepublic.com
- Hugging Face Exploring Potential Sale Deal That Could Value It At $13 Billion: Report freepressjournal.in
- Hugging Face exploring sale valuing it at US$13 billion: report businesstimes.com.sg
- Hugging Face explores sale at $13b valuation techinasia.com
