How Hugging Face raised $235M

How Hugging Face raised $235M

Update: 2023-08-311


In this episode, Nathan and Erik sit down to analyze Hugging Face in light of its recent $235M Series D round. They analyze Hugging Face’s community and defensibility through the lens of other community businesses like ProductHunt and Yelp, assess its ability to fulfill its $4.5 billion valuation, and assess competitors and other notable companies in the space like Replit, Character, and Runway. If you're looking for an ERP platform, check out our sponsor, NetSuite:


The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord.


(00:00:57 ) Episode Preview

(00:01:52 ) Nathan’s Introduction

(00:04:57 ) Overview of Hugging Face and recent fundraising announcement

(00:08:13 ) Hugging Face’s product line

(00:16:47 ) Sponsors: Netsuite | Omneky

(00:18:36 ) Community driven businesses and HuggingFace’s moat

(00:23:23 ) Discovery and inference

(00:28:04 ) Hugging Face’s ideological nature

(00:31:31 ) Curation is key

(00:33:46 ) Keeping content fresh when AI moves so fast

(00:35:44 ) If Hugging Face is a $50 billion company one day, what would it look like?

(00:48:08 ) Hugging Face vs Replit

(00:57:19 ) Contrasting Hugging Face with other companies like Character and Runway


Hugging Face's LLM leaderboard


@labenz (Nathan)



SPONSORS: NetSuite | Omneky

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Music Credit: GoogleLM

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How Hugging Face raised $235M

How Hugging Face raised $235M

Erik Torenberg, Nathan Labenz