Enterprise AI platforms
Hugging Face
The open-source AI platform and model-hosting hub that much of the industry builds on - agreed to be acquired by Nvidia in September 2026.
- Founded
- 2016
- Based in
- New York, United States
- Stage
- Subsidiary
- Business model
- Open-weight / open-source, Enterprise contracts, API / developer platform
- Also in
- Data & model training
- Record
- VerifiedChecked 24 September 2026
What Hugging Face does
Hugging Face was founded in New York in 2016 by Clément Delangue, Julien Chaumond and Thomas Wolf, all French, originally as a teen chatbot app before pivoting to open-source machine learning tooling. Its Hub now hosts hundreds of thousands of open-weight models, datasets and demo applications, and its `transformers` library is one of the most widely used pieces of open-source AI infrastructure in the industry - used by companies that are otherwise direct competitors of each other.
In September 2026, Nvidia agreed to acquire Hugging Face for approximately $13 billion, nearly three times its prior $4.5 billion valuation from a 2023 funding round - folding the industry's most widely used open model hub into the company that supplies most of the industry's training and inference hardware.
- Open-weight models
- Developer APIs & tooling
Runs it
- Clément DelangueCo-founder & CEO
- Julien ChaumondCo-founder & CTO
- Thomas WolfCo-founder & Chief Science Officer
Hugging Face
Subsidiary
Funds it
- Amazon
- Nvidia
- Salesforce
What it builds
Hugging Face Hub
Hosting platform for open-weight models, datasets and demo applications.
huggingface.co (opens in a new tab)Transformers
Widely used open-source Python library for working with transformer-based models.
Who runs it
Founders
Clément Delangue
Co-founder & CEO
Julien Chaumond
Co-founder & CTO
Thomas Wolf
Co-founder & Chief Science Officer
Leadership
Clément Delangue
Chief Executive Officer
Who funds it
- Total raised
- $396 million in primary funding prior to the Nvidia acquisition
- Valuation, as of Sep 2026
- Acquired by Nvidia for approximately $13 billion, announced September 2026
Rounds on record
Investors
- Amazon
- Nvidia
- Salesforce
What it has done
Nvidia agrees to acquire Hugging Face for approximately $13 billion
Nvidia agreed to acquire Hugging Face at nearly three times its 2023 valuation, with Bloomberg reporting each of the three founders' resulting net worth at approximately $1.8 billion.
bloomberg.com/news/articles/2026-09-03/hugging-face-founders-each-worth-1-8-billion-after-nvidia-deal (opens in a new tab)

