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Hugging Face

Telecommunications & Infrastructure · New York, New York · Acquisition Pending

Hugging Face is an open platform where developers and organizations share, evaluate and deploy machine-learning models, datasets and applications.

$12.93BAgreed acquisition valueSeptember 2026
$235MLast funding roundSeries D, 2023
Acquisition agreedPublic statusNVIDIA

The Company

Hugging Face became a central hub for the open machine-learning ecosystem, combining community infrastructure, model hosting, tools and enterprise services.

NVIDIA agreed to acquire the company in 2026 while stating that the platform will remain open and hardware-agnostic.

Why It Matters

The deal assigns strategic value to the open-model ecosystem, not simply a software revenue multiple. It also changes the competitive landscape for companies building developer infrastructure around AI models.

Valuation History

  1. $4.5B→Aug 2023Series DSource ↗
  2. $12.9B→Sep 2026Acquisition by NVIDIA agreed (pending; expected close H1 2027)Source ↗

What Changed

  1. NVIDIA agreed to acquire Hugging Face for $12.93B.

  2. NVIDIA said Hugging Face would remain an open platform for developers, models and cloud providers.

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