Hugging Face Raises $15 million to Expand its Open Source Software on Conversational AI


New York-based Hugging Face, a startup known by an app launched in 2017 that allows you to chat with an artificial digital friend, recently open-sourced its library for natural language processing (NLP) framework, called Transformers. It had massive success as there are over a million downloads and 1,000 companies using it, including Microsoft’s Bing. Transformers can be leveraged for text classification, information extraction, summarization, text generation, and conversational artificial intelligence.

On Tuesday, Hugging Face, with just 15 employees, announced the close of a $15 million series, a funding round that adds to a previous amount of $5 million.

[Source: IBL News]