Hugging Face, an AI startup that develops language models, is raising fresh venture capital at a valuation of $4 billion.

Hugging Face, an AI startup that develops language models, is raising fresh venture capital at a valuation of $4 billion.

Hugging Face, a leading AI startup, is seeking new funding that could value the company at $4 billion. The company is expected to raise at least $200 million in its Series D funding round, with Ashton Kutcher’s venture capital firm, Sound Ventures, leading the investment. However, CEO Clément Delangue is still considering other offers, and

Hugging Face, a leading AI startup, is seeking new funding that could value the company at $4 billion.

The company is expected to raise at least $200 million in its Series D funding round, with Ashton Kutcher’s venture capital firm, Sound Ventures, leading the investment. However, CEO Clément Delangue is still considering other offers, and the final amount raised could be higher.

GV, the venture firm backed by Alphabet, and DFJ are also said to be interested in the round. Hugging Face has not yet commented on the reports.

The anticipated funding is a sign of the growing interest in AI startups, particularly those that develop large language models (LLMs). Hugging Face is a leading provider of LLMs, and its products are used by a wide range of companies, including Bloomberg, Pfizer, and Roche.

The company’s revenue run rate has tripled this year, and it is now valued at $4 billion. This makes it one of the most valuable AI startups in the world.

If the funding round is successful, Hugging Face will use the money to expand its team, develop new products, and grow its community of developers. The company is well-positioned to capitalize on the growing demand for AI, and it is likely to become a major player in the industry in the years to come.

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