Hugging Face raises $100M Series C to accelerate open-source ML and BigScience

AI Impact Summary

Hugging Face has closed a $100M Series C led by Lux Capital with participation from Sequoia, Coatue and others, significantly boosting funding for open-source ML initiatives. The infusion supports the BigScience collaboration and the Hub ecosystem, including over 100,000 pre-trained models and 10,000 datasets across NLP, computer vision, speech, and more, while advancing the effort to train the world’s largest open-source multilingual LLM. This will accelerate development and collaboration tooling (e.g., Gradio) and likely increase enterprise demand for hosting, evaluation, and governance features as the platform scales.