TechWall Street Journal2h ago
Betaworks has a 5.5% stake in Hugging Face, worth ~$650M at its $11.9B
Source: Betaworks has a 5.5% stake in Hugging Face, worth ~$650M at its $11.9B acquisition price for stockholders; A.Capital says it could bag $1.5B on the sale
TL;DREarly Hugging Face backer Betaworks could make $650M from the AI startup's $11.9B valuation.
Why it matters: Shows early-stage AI investments are yielding massive returns, signaling where venture capital sees long-term value.
John Borthwick's venture firm wrote the first check Hugging Face ever received, and now owns a stake that could be worth $650 million.
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