Hugging Face to Embrace NVIDIA Instead of an IPO
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NVIDIA has acquired Hugging Face before it ever had a chance to IPO. Investors can invest in NVIDIA stock to participate in the potential growth of Hugging Face.
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Table of Contents
Hugging Face News
08/26/2026: Nvidia Agrees to Buy Hugging Face For $12.9 billion
08/26/2026: Nvidia in talks to acquire Hugging Face
08/23/2026: Hugging Face fielding M&A interest at $13 billion
07/21/2026: OpenAI and Hugging Face partner for security
Older news…
About Hugging Face
Hugging Face is a collaboration platform for the machine learning and AI communities. The website is a central hub where users can explore, discover, and experiment with open-source machine learning.
The company empowers machine learning engineers, data scientists, and end users to learn skills and share their expertise in building an open-source and ethical future of artificial intelligence.
Several journalists have dubbed it the “GitHub of AI”. Companies like Stability AI use Hugging Face to host open-source code for text-to-image models.
The company was co-founded in 2016 by three French entrepreneurs based in New York. It remains a Manhattan-based startup.
The Hugging Face mission is:
To democratize good machine learning, one commit at a time.
A commit is a computer science term for an operation or command that sends the latest version of source code to a code repository.
In the gold rush toward AI supremacy, venture capital firms are paying up for early access to startups like Hugging Face that are laying the groundwork for what many believe is the greatest technology opportunity of the next decade and beyond (and to regain losses from crypto overindulgence).
NVIDIA agreed to buy Hugging Face in August 2026.
Here’s an engaging video presented by Hugging Face co-founder Thomas Wolf, discussing the future of natural language processing (NLP).
Pre-Acquisition Ownership
As of August 27th, 2026, NVIDIA has agreed to acquire Hugging Face for $12.9 billion.
Prior, Hugging Face was a venture-backed startup. Equity owners included the co-founders, employees, private investors, corporate investors, and venture capital firms.
The company had raised about $395 million in private funding. The last round was a Series D completed in August 2023, raising $235 million.
Pre-acquisition ownwership included Lux Capital, Betaworks Ventures and Sound Ventures, Sequoia, Coatue, A.Capital, SV Angel, Google, Amazon, Microsoft, NVIDIA, Intel, AMD, Qualcomm, IBM, Salesforce, Thirty-Five Ventures (Kevin Durant, Rich Kleiman), Dev Ittycheria, Alex Wang, Aghi Marietti, Florian Douetteau, Richard Socher, and Olivier Pomel (Datadog).
Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series D | 08/08/23 | $4.50B | $235.00M | $ 25.25 |
| Series C | 04/05/22 | $2.00B | $100.00M | $ 11.48 |
| Series B | 03/10/21 | $440.00M | $40.00M | $ 2.76 |
| Series A | 12/11/19 | $79.71M | $19.71M | $ 0.60 |
| Source: Caplight |
Valuation
The last confirmed Hugging Face valuation is $12.9 billion based on the NVIDIA acquisition price reported on August 27th, 2026.
IPO Potential
The Hugging Face IPO date is unlikely to ever arrive.
NVIDIA has agreed to acquire Hugging Face.
Bookmark this page for the latest developments.
How to Invest in Hugging Face Stock
Upon completion of the acquisition, investors can own NVIDIA stock to own Hugging Face. Here’s a list of brokers that offer IPO access to retain investors.
Check out this list of the best brokers for IPO investing to learn more about IPO access for retail investors.
Frequently Asked Questions (FAQs)
Is Hugging Face publicly traded?
No. Hugging Face is not publicly traded. It will become part of NVIDIA once the acquisition closes.
What is the Hugging Face Stock Price?
There is no public Hugging Face stock price yet. The company will become part of NVIDIA.
What is the Hugging Face stock symbol?
Own NVDA stock to access Hugging Face.
Where is the Hugging Face IPO S-1 Filing?
Hugging Face will not be submitting an S-1 filing to go public because it has agreed to be acquired by NVIDIA.
In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.
Hugging Face News Archive
01/28/2026: Hugging Face turned down $500mn Nvidia deal
07/08/2025: Cerebras Partners with Hugging Face, DataRobot
05/29/2025: Hugging Face unveils two new humanoid robots
04/28/2025: Hugging Face releases a 3D-printed robotic arm for $100
04/14/2025: Hugging Face has acquired Pollen Robotics
01/23/2025: Hugging Face claims its new AI models are the smallest
06/13/2024: Hugging Face CEO Says AI Founders Looking to Sell
01/25/2024: Google Cloud and Hugging Face Announce Partnership
11/28/2023: Hugging Face says it’s seeing more client interest
11/22/2023: After OpenAI drama Hugging Face could emerge a winner
09/13/2023: Clem Delangue is the public face of open-source AI
08/24/2023: Hugging Face raises $235M
08/22/2023: Salesforce Leads Financing of AI Startup
05/09/2023: Hugging Face reaches $2 billion valuation
05/09/2022: Hugging Face Raises $100 Series C
Conclusion
Retail investors get excited about leading platforms fueling growth in industries like AI. Hugging Face’s “GitHub-like” platform has this coveted attribute.
But startup investing can be challenging. Access is elusive, and the financial availability to perform due diligence can be even harder to come by.
Hugging Face was increasingly mentioned among the most sought-after private AI startups. As such, NVIDIA swooped in to acquire it.
Retail investors will need to look elsewhere to access private shares of the next big AI startup.
Craig Stephens founded Access IPOs in 2016 to help ordinary investors explore IPO and pre-IPO opportunities. He also manages the Access Club, a membership community for IPO and startup investors. Craig studied Finance at Michigan State University and lives in Northern Virginia. Learn more about Craig.
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