Hugging Face acquires Seattle data storage startup XetHub

Hugging Face, a company that plays an important role in the field of AI development, recently announced the acquisition of XetHub, a startup focusing on data storage and collaboration. This move marks a solid step for Hugging Face on the road to AI democratization, further consolidating its industry-leading position and providing more convenient tools and platforms for AI developers. XetHub was founded by a former Apple engineer, and its technology and team will be deeply integrated with Hugging Face to jointly promote the popularization and application of AI technology.

Recently, Hugging Face, a well-known AI development platform, announced the acquisition of XetHub, a data storage and collaboration startup founded by former Apple engineers. This move will undoubtedly bring more convenience to AI developers and speed up the democratization process of artificial intelligence again! The story of XetHub began in 2021, co-founded by former Apple engineers Yucheng Low, Rajat Arya and Ajit Banerjee. This dynamic team quickly gained industry recognition with a vision to simplify the process of building machine learning and AI applications. Last year, they raised $7.5 million in funding from Madrona Ventures, laying the foundation for the company's rapid growth. Yucheng Low, CEO of XetHub, said enthusiastically on LinkedIn: Our shared vision is to democratize artificial intelligence so that everyone can host, share and build models and datasets. At Hugging Face, we will continue to pursue this vision, integrating our technology into Hugging Face Hub to create the future of AI collaboration.

As the protagonist of this acquisition, New York-based Hugging Face has established a strong influence in the field of AI development. The development tools they provide help many companies test, store and run large-scale AI models that require large amounts of computing and storage power. Just a year ago, Hugging Face raised $235 million in Series D funding, demonstrating investor confidence in its prospects. In June this year, they acquired another development tool startup called Argilla for US$10 million, further expanding their technical capabilities. Although Hugging Face did not disclose the specific acquisition amount, they emphasized that this is the company's largest acquisition to date. This acquisition is not only the integration of technology, but also the gathering of talents. XetHub’s 14 employees will join Hugging Face’s team, injecting new innovation into the company. This acquisition is not an isolated case, but reflects the overall trend of the current AI industry. As the AI ​​craze continues to heat up, we are seeing more and more small AI startups and their executives being acquired by larger companies. This not only reflects the huge data storage and computing needs brought about by the development of artificial intelligence, but also indicates that the trend of industry integration is accelerating. As XetHub co-founder Rajat Arya said: So far, this kind of artificial intelligence capabilities have been limited to those big companies, but we will increasingly see every enterprise adopting artificial intelligence. With the strong alliance between Hugging Face and XetHub, we have reason to believe that AI development will become more convenient and the democratization process of artificial intelligence will be further accelerated.

Hugging Face's acquisition of XetHub is not only a merger between enterprises, but also a reflection of the development trend of the AI ​​industry. It indicates that AI technology will be more convenient and easy to use in the future and benefit a wider group of people. This acquisition will accelerate the process of AI democratization and promote the application of AI technology in all walks of life, which is worth looking forward to.