Report: AI startup Hugging Face hoping to raise millions from Salesforce and other investors
Joseph K
Artificial intelligence startup Hugging Face Inc. is reportedly seeking to raise $200 million in venture capital.
It’s said that Salesforce Inc. will lead the proposed round, which will more than double the privately-held company’s valuation, which currently stands at $2 billion. The money will come from Salesforce’s venture capital arm, Salesforce Ventures, and several other unnamed backers, The Information said in its report. It notes that Salesforce is prepared to pay a steep price to obtain a stake in Hugging Face, which operates a platform that allows companies to store and use AI software.
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