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Hugging face raises 40 million for its natural language processing library

Hugging Face has raised a $40 million Series B funding round — Addition is leading the round. The company has been building an open source library for natural language processing (NLP) technologies. You can find the Transformers library on GitHub — it has 42,000 stars and 10,000 forks.

Existing investors Lux Capital, A.Capital and Betaworks also participated in today’s funding round. Other investors include Dev Ittycheria, Olivier Pomel, Alex Wang, Aghi Marietti, Florian Douetteau, Richard Socher, Paul St. John, Kevin Durant and Rich Kleiman.

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