Hugging Face has raised $235 million so far this year from various investors, including tech heavyweights like Google, Amazon, Nvidia, Intel, IBM, and Salesforce. That puts their valuation at $4.5 billion, which is reported as being 100 times more than their annual revenue.
Investors believe that Hugging Face could be a $50-100 billion company if it ever goes public.
Further, in an interview with Forbes, their CEO Clément Delangue has been quoted saying:
"We want to be the first company to go public with an emoji, rather than a three-letter ticker. We have to start doing some lobbying to the Nasdaq to make sure it can happen."