Hugging Face Bolsters AI Infrastructure With XetHub Acquisition
Hugging Face, a leading platform for open-source machine learning projects, has made a strategic acquisition of XetHub, a Seattle-based startup specializing in file management for artificial intelligence projects. This move aims to significantly enhance Hugging Face's AI storage capabilities, enabling developers to work with larger models and datasets more efficiently.
XetHub was founded by Yucheng Low, Ajit Banerjee and Rajat Arya, who previously worked at Apple, where they built and scaled Apple's internal ML infrastructure. The founders have a strong background in machine learning and data management, with Yucheng Low having co-founded Turi, a transformative ML/AI company acquired by Apple in 2016.
The startup has successfully raised $7.5 million in seed financing led by Seattle-based venture capital firm Madrona Ventures.https://www.forbes.com/sites/janakirammsv/2024/08/12/hugging-face-bolsters-ai-infrastructure-with-xethub-acquisition/
Hugging Face, a leading platform for open-source machine learning projects, has made a strategic acquisition of XetHub, a Seattle-based startup specializing in file management for artificial intelligence projects. This move aims to significantly enhance Hugging Face's AI storage capabilities, enabling developers to work with larger models and datasets more efficiently.
XetHub was founded by Yucheng Low, Ajit Banerjee and Rajat Arya, who previously worked at Apple, where they built and scaled Apple's internal ML infrastructure. The founders have a strong background in machine learning and data management, with Yucheng Low having co-founded Turi, a transformative ML/AI company acquired by Apple in 2016.
The startup has successfully raised $7.5 million in seed financing led by Seattle-based venture capital firm Madrona Ventures.https://www.forbes.com/sites/janakirammsv/2024/08/12/hugging-face-bolsters-ai-infrastructure-with-xethub-acquisition/
Forbes
Hugging Face Bolsters AI Infrastructure With XetHub Acquisition
Hugging Face's acquisition of XetHub is an important step toward accelerating the adoption of open-weight models.