# Hugging Face

> Open-model hub Nvidia agreed to acquire for $12.93 billion on September 2, 2026 — not closed; expected H1 2027.

## Why it is interesting

Nvidia signed a definitive agreement on September 2, 2026, announced September 3. Jensen Huang named $12,930,300,000. The 8-K split is about $11.9 billion to stockholders plus up to $1 billion employee retention. Expected close first half of 2027. Not closed. Huang: 18 million builders, 3 million models, Nvidia compute will not be required.

## Profile

- **Latest funding:** Not publicly disclosed
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** other
- **Status:** private
- **Industries:** ai-ml, developer-tools
- **Coverage:** full
- **Last updated:** 2026-09-04

## Key facts

- Sep 2, 2026: Nvidia signed a definitive agreement to acquire Hugging Face (8-K). Announced Sep 3.
- Huang: $12,930,300,000. 8-K/BBC: ~$11.9B to stockholders + up to $1B retention. Not a $14B headline.
- Expected close H1 2027. Not closed. Status stays private.
- Huang: 18M builders; 3M models; 500k datasets; 1M apps; 200k companies; Nvidia compute not required.
- CNBC: second-biggest Nvidia purchase after ~$20B Groq assets/talent (Dec 2025).

## Funding history

- Acquisition (agreed, not closed) · $12.93B (Huang); ~$11.9B to stockholders + up to $1B retention (8-K/BBC) · September 2026
  Source: https://blogs.nvidia.com/blog/nvidia-to-acquire-hugging-face/

## Related articles

- https://venturecapitaltracker.com/2026-nvidia-hugging-face-12-9b-acquisition
- https://venturecapitaltracker.com/2026-september-3-4-investment-news-nvidia-hugging-face
- https://venturecapitaltracker.com/2026-september-vc-news
- https://venturecapitaltracker.com/2026-nscale-3-5b-pre-ipo-financing
- https://venturecapitaltracker.com/2026-september-4-5-investment-news-xdof-nscale
- https://venturecapitaltracker.com/nyc-hugging-face-runway-elevenlabs-ai-native-companies
- https://venturecapitaltracker.com/2026-stripe-openrouter-7b-reported
- https://venturecapitaltracker.com/2026-groq-350m-series-a-inference-cloud

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 4, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

---
Source: https://venturecapitaltracker.com/startup/hugging-face