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2023-08-29 10:40:32
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Nearly $30 Billion, Another Super Unicorn Is Born
Salesforce leads the latest financing round for Hugging Face, valuing the company at over $4 billion. Hugging Face is one of the highest-valued companies in the generative AI boom. Salesforce is strategically defending and attacking through investments in AI startups.
2023-08-23 16:19:07
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Hugging Face Secures $200 Million Series D Financing, Aiming for Super Unicorn | Focus Analysis
1. Hugging Face has secured $200 million in Series D funding led by Salesforce Ventures, with a valuation of $4 billion. 2. Hugging Face has 15,000 user companies and 3,000 enterprise-level paying customers. This year, the ARR is expected to be around $40 million. 3. Investor Salesforce may view Hugging Face as a potential acquisition target in the future. Collaboration with Salesforce could bring AI opportunities to the enterprise service sector.