Hugging Face reportedly in talks to be acquired for $13B
ThinkingNews Desk · how this was written
Hugging Face is actively exploring a potential sale that could value the company at roughly $13 billion, a figure that would be nearly triple its valuation in the previous year. The company has engaged a banking firm to assess interest from prospective bidders as it gauges possible acquisition offers.
Written from all 3 reports below, not from any single one.
How it was reported
- TechMeme·Sources: Hugging Face has been exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to gauge bidders' interest (Katie Roof/Business Insider)
Hugging Face is actively evaluating a potential sale that could lift its valuation above $13 billion, a substantial increase from the $4.5 billion valuation reported in 2023. The company has engaged a financial institution to assess interest from prospective bidders and to structure the transaction.
- The Next Web·Hugging Face explores a sale at a $13bn valuation, nearly triple its last one
Hugging Face is testing a sale at a $13 billion valuation, nearly triple its last $4.5 billion round. It raised $235 million in August 2023 led by Salesforce Ventures, Nvidia, Google, Amazon, Intel, Qualcomm, IBM, Sequoia Capital, and Lux Capital. The company has not raised externally since, leaving roughly half of its $400 million total capital unspent. Its Hub hosts over three million public models and a million datasets, generating revenue from subscriptions, enterprise hosting, and compute services. Potential buyers are mainly its existing investors, with no bidder identified yet.
- TechCrunch·Hugging Face reportedly in talks to be acquired for $13B
Hugging Face is reportedly fielding acquisition proposals valuing the company at $13 billion or more, while consulting banks to assess bids. The startup, valued at $4.5 billion after its 2023 round led by Salesforce Ventures, recently turned down a $500 million Nvidia investment that would have priced it at $7 billion. CEO Clem Delangue said Hugging Face is close to profitability and focused on long-term sustainability and community responsibility.
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