CEO Clément DelangueFounded 2016HQ New York City, US
Hugging Face is an AI company best known for its open-source platform for machine learning models, datasets, and apps. It helps developers build, share, and deploy NLP and other AI tools across industries.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$4.5B
Series D, Aug 2023, Perplexity
UpMarket Estimate
$4.7B
Based on UpMarket valuation model
Previous Price
$2.0B
Series C Feb 2021
How to Invest in Hugging Face Through UpMarket
Hugging Face shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Hugging Face offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Aug 2023
Series D
$4.5B
Feb 2021
Series C
$2.0B
May 2020
Series B
$150M
Mar 2019
Series A
$50M
Why Investors Are Watching Hugging Face
Growth Signal
Hugging Face has raised $395.2M across 8 funding rounds
Hugging Face has raised $395.2 million across 8 rounds, with the last disclosed round a $235 million Series D in August 2023. That round valued the company at $4.5 billion and drew Salesforce Ventures plus other strategic investors.
Competitive Moat
Open-source model hub draws cloud and chip giants
Hugging Face’s cap table reportedly includes Google, Amazon, Nvidia, Intel, and Salesforce, reflecting broad strategic support around its platform. The company is described as a neutral marketplace for models and datasets, helping reduce single-vendor lock-in.
Product Milestone
Freemium model says 3% to 5% of users pay for usage
Hugging Face’s monetization chief said the company uses a freemium model, with most users on free access and roughly 3% to 5% paying for high usage or enterprise collaboration. He also said the company has not raised funding in more than two years and still has cash from the 2023 round.
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No. As of March 2026, Hugging Face is a private company and does not trade on any public stock exchange. Accredited investors can access Hugging Face shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Hugging Face does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Hugging Face shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Hugging Face shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Hugging Face hosts a widely used open‑source platform for machine learning models, datasets, and apps and is valued at approximately $4.7 billion after raising $395.2 million across eight funding rounds — accredited investors can access Hugging Face stock through UpMarket.