AI BriefingHugging Face Raises $100 Million Series C Funding
Key point
Hugging Face has raised a $100 million Series C round led by Lux Capital.
Details
Hugging Face has raised a $100 million (approximately KRW 130 billion) Series C round led by Lux Capital, with participation from major investors including Sequoia and Coatue.
The funding will be used for research, open source development, product enhancement, and the democratization of responsible AI. Hugging Face has grown into a core platform for machine learning, currently hosting over 100,000 pre-trained models and more than 10,000 datasets.
The company also plans to continue developing the world's largest open source multilingual language model through the BigScience project, which involves more than 1,000 researchers, focusing on strengthening transparency, reproducibility, and collaboration in AI.
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