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Country: United States

Open source machine learning AI platform created in the United States by three Frenchmen


AI: Hugging Face nugget valued at $4.5 billion 25/08/2023

  • Start-up Hugging Face has raised $235 million in its latest funding round.
  • Major companies such as Salesforce, Google, Nvidia, IBM, Amazon, Intel, Qualcomm, AMD and Sound Ventures have invested in Hugging Face.
  • Hugging Face was founded in 2016 in New York.
  • This start-up has, directly or indirectly, helped more than 20,000 companies get started with artificial intelligence.
  • Hugging Face has 170 employees.
  • The company's projected revenues for this year are $30 million, around 100 times less than its valuation.

Founded by three Frenchmen, new unicorn Hugging Face exceeds $1 billion valuation 09/05/2022

  • The company raised $100 million from Sequoia Capital, valuing it at $2 billion
  • 10,000 companies use the platform, including 1,000 paying accounts
  • The world's most widely used platform for artificial intelligence
  • The company intends to double its workforce to over 250 employees by the end of the year - most of them in France, where some of the engineers are based

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