Open-source AI model repository Hugging Face has raised $235 million in a Series D financing round.
This latest financing brings the company’s valuation to $4.5 billion and helps it become a one of the many businesses benefitting from investors’ interest in generative AI.
Delangue says in an email interview that this is a validation not only for Hugging Facade, but also for the broader open source AI ecosystem.”
Another successful investor is Amazon, which invested in the company as part of a larger effort to accelerate the deployment of its own artificial intelligence research on public cloud computing services.
In addition to acquiring additional funding, the company has partnered with Amazon to make its AWS CloudHugging Face’s preferred cloud provider
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