Hugging Face Hits $4B Valuation After Salesforce Ventures-Led Round — Report
- Joseph K
- Aug 22, 2023
- 1 min read
Updated: Sep 3, 2023
AI startup Hugging Face is raising an approximately $200 million round led by Salesforce Ventures
at a whopping $4 billion valuation.
The news was first reported by The Information and seemingly verified by Salesforce CEO Marc Benioff on X.
The New York-based startup allows companies to store and use AI software. It hosts hundreds of thousands of open-source AI models that developers can use for AI applications.
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