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Announced

Completed

Lux Capital led a $100m Series C funding round in Hugging Face.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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ai community

Domestic

Private Equity

Friendly

Minority

Venture Capital

United States

Acquisition

Private

Completed

Software

artificial intelligence

Synopsis

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Lux Capital, a private equity firm, led a $100m Series C funding round in Hugging Face, a AI software building firm, with participation form Sequoia, Coatue, SV Angel, Addition, a_capital, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman and Olivier Pomel. "We want to have a positive impact on the AI field. We think the direction of more responsible AI is through openly sharing models, datasets, training procedures, evaluation metrics and working together to solve issues. We believe open source and open science bring trust, robustness, reproducibility, and continuous innovation," Hugging Face.

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