Startup Trends: The latest happenings with three AI unicorns
Artificial intelligence startups Hugging Face, OpenAI, and Perplexity each made headlines in recent weeks.
huggingface.coEnterprise Software / Data IntelligenceFounded: 2016Funding to Date: $445.12MM
Hugging Face is a technology company which offers an AI community platform to developers, researchers, and enterprises. Hugging Face’s platform provides tools for building, sharing, and collaborating on machine learning models, datasets, and applications, including natural language processing, computer vision, and audio tasks. The company aims to democratize AI by making models and AI resources accessible to a broad range of users across industries. This company was founded by Clément Delangue, Julien Chaumond, and Thomas Wolf Ph.D in 2016 and is headquartered in New York, NY.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/24/2023 | Series D-2 | $193.82MM | $xx.xx | $4.57B | Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce, Sound Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,675,864
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce, Sound Ventures
|
||||||
08/24/2023 | Series D-1 | $41.18MM | $xx.xx | $4.57B | Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce, Sound Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,631,081
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce, Sound Ventures
|
||||||
05/09/2022 | Series C-2 | $100.12MM | $xx.xx | $2B | Lux Capital, Sequoia Capital, Coatue, Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman, Olivier Pomel | |
Price per Share
$xx.xx
Shares Outstanding
8,722,817
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lux Capital, Sequoia Capital, Coatue, Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman, Olivier Pomel
|
||||||
05/09/2022 | Series C-1 | $49.09MM | $xx.xx | $2B | Lux Capital, Sequoia Capital, Coatue, Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman, Olivier Pomel | |
Price per Share
$xx.xx
Shares Outstanding
4,276,876
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Lux Capital, Sequoia Capital, Coatue, Addition, a_capital, SV Angel, Betaworks, AIX Ventures, Kevin Durant, Rich Kleiman, Olivier Pomel
|
||||||
03/11/2021 | Series B | $40.3MM | $xx.xx | $446.02MM | Addition, Lux Capital, A.Capital, Betaworks, Dev Ittycheria, Olivier Pomel, Alex Wang, Aghi Marietti, Florian Douetteau, Richard Socher, Paul St. John, Kevin Durant, Rich Kleiman | |
Price per Share
$xx.xx
Shares Outstanding
14,600,750
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Addition, Lux Capital, A.Capital, Betaworks, Dev Ittycheria, Olivier Pomel, Alex Wang, Aghi Marietti, Florian Douetteau, Richard Socher, Paul St. John, Kevin Durant, Rich Kleiman
|
||||||
12/17/2019 | Series A-3 | $16.24MM | $xx.xx | $85.57MM | Lux Capital, A.Capital, Betaworks, Richard Socher, Greg Brockman, Kevin Durant | |
Price per Share
$xx.xx
Shares Outstanding
27,072,650
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lux Capital, A.Capital, Betaworks, Richard Socher, Greg Brockman, Kevin Durant
|
||||||
05/23/2018 | Series A-2 | $3.55MM | $xx.xx | $21.89MM | Ronny Conway, Betaworks, SV Angel, Kevin Durant | |
Price per Share
$xx.xx
Shares Outstanding
23,107,607
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Ronny Conway, Betaworks, SV Angel, Kevin Durant
|
||||||
05/23/2018 | Series A-1 | $840,449 | $xx.xx | $21.89MM | Ronny Conway, Betaworks, SV Angel, Kevin Durant | |
Price per Share
$xx.xx
Shares Outstanding
11,458,559
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Ronny Conway, Betaworks, SV Angel, Kevin Durant
|
Artificial intelligence startups Hugging Face, OpenAI, and Perplexity each made headlines in recent weeks.