Hugging Face
Runs the main hub where open models, datasets and demos are shared.
- Revenue
- Annualised revenue above $150M, from one unofficial report. The company does not disclose revenue
- Value
- $4.5B in its 2023 Series D, the last disclosed round. Sale talks at $13B or more reported in August 2026, no buyer named
- Growth
- Paid subscribers reportedly doubled in the first half of 2026 (reported)
- Based in
- New York, US
- Listed
- Private
Almost every open model maker publishes on its hub, so it sits at the centre of open AI.
Revenue figures are unofficial, and a sale would change who controls the hub.
Money coming in
Who pays Hugging Face, and for what.
No customers of Hugging Face mapped yet.
Money going out
Who Hugging Face pays to do what it does.
No suppliers of Hugging Face mapped yet.
Where it sits on the map
Competitors and neighbours
Builds Meta AI into Facebook, Instagram and WhatsApp, and makes the Ray-Ban glasses with EssilorLuxottica.
Sales more than tripled (H1 2025)
Open profileFrench lab with open and paid models, chosen by European firms that want data kept in Europe.
About $14B valuation (Sep 2025)
Open profileHosts and fine-tunes open AI models on rented GPUs for companies.
About $1B annualised (Sacra estimate, Feb 2026)
Open profileLab that aims to build frontier open-weight models in the US, backed by Nvidia.
$8B after a $2B round led by Nvidia in October 2025. Talks at $25B reported in 2026
Open profileChinese research lab that releases its strongest models as open weights.
About 475M yuan (about $70.7M) in the first seven months of 2026 (The Information, reported)
Open profileChinese lab that makes chat, voice and video models, with most app revenue from overseas subscriptions.
About $30.5M in 2024 (filings, reported). About $53.4M in the nine months to September 2025 (reported)
Open profileChinese lab behind the Kimi chatbot and the Kimi open models.
Annual recurring revenue above $200M in April 2026 (reported)
Open profileChinese lab that makes the GLM models, mostly sold to enterprises, and is now listed in Hong Kong.
About $44.4M in 2024 (filings, reported)
Open profileChinese tech group whose Qwen open models are among the most downloaded, and which runs Alibaba Cloud.
AI Cloud and Compute Services revenue $7.1B in the June 2026 quarter, up 45% (company)
Open profileSources: betanews.com, itiger.com
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