On August 24, according to sources cited by Business Insider, Hugging Face is collaborating with banks to assess acquisition interest from potential buyers, with a deal valuation potentially reaching at least $13 billion, though no agreement has been reached yet. Hugging Face raised $235 million in its Series D funding round in 2023, achieving a post-money valuation of $4.5 billion. The current valuation of $13 billion is nearly three times that figure. Investors mentioned by Business Insider include Lux Capital, Addition, and Salesforce Ventures.