PiggyGPT

Private companiesCovered

Hugging Face

New York, NY · Founded 2016

Hugging Face operates a hosting platform and open-source libraries for developing, sharing and deploying machine learning models, datasets and applications.

Funding

Last round or tender
Series D, Aug 24, 2023, $235M raisedTechCrunch, Aug 24, 2023
Last valuation
$4.50B, reported Aug 24, 2023TechCrunch, Aug 24, 2023

Secondary venues

A venue is listed when its public page named the company on the date shown. Nothing is recorded from behind a login, and no indicative price is shown anywhere on this site.

Reads

Acquisition: Agreed

A deal is announced and has not closed.

Prepared by PiggyGPT, as of Oct 6, 2026

Signals

  • Aug 23, 2026Bloomberg News relayed a Business Insider report that Hugging Face was exploring a sale that could value it at $13 billion or more and had engaged banking advisers.Bloomberg News (via Bloomberg Law), Aug 23, 2026
  • Aug 26, 2026TechCrunch relayed a report by The Information that Nvidia had agreed to buy Hugging Face for $12.9 billion, with no signed agreement yet.TechCrunch, Aug 26, 2026
  • Sep 2, 2026NVIDIA filed a Form 8-K stating a definitive agreement to acquire Hugging Face for approximately $11.9 billion payable to stockholders plus a retention program of up to about $1.0 billion, expected to close in the first half of 2027 subject to regulatory approvals.SEC (NVIDIA Form 8-K), Sep 2, 2026
  • Sep 3, 2026NVIDIA announced the agreement at $12,930,300,000, with Hugging Face continuing under its own brand.NVIDIA (company blog), Sep 3, 2026

Named counterparties

  • NvidiaThe acquirer under the definitive agreement in its Form 8-K of September 2, 2026.SEC (NVIDIA Form 8-K), Sep 2, 2026

Counterparties are named for a cited reason: a partnership, an investment, or a stated appetite. Naming is not a forecast.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 6, 2026