Hugging Face

Hugging Face, an open-source AI model repository startup, is generating over $150 million in annualized revenue, a 50% increase from two months prior. The company is nearing a deal to sell itself at a valuation close to $13 billion, significantly up from its last major funding round in 2023 at $4.5 billion valuation. Company has doubled paying subscribers in first half of 2026 and is close to profitability.