Machine Learning Startup Hugging Face Valued at $2 Billion with New Funding

Hugging Face, a startup that helps businesses build, train, and deploy state-of-the-art machine learning models, announced its Series C funding on May 9, 2022, raising $100 million. Lux Capital led this round, adding Hugging Face to its over 40 investments in the artificial intelligence (AI) and machine learning (ML) space. With this funding, Hugging Face joins the double unicorn club with a valuation of $2 billion.