H (previously known as Holistic AI), a Paris, France-based AI startup, has raised $220 million in a seed round.
Investors
Investors in the round include well-known VC funds such as Accel, Bpifrance’s Large Venture fund, Creandum, Elaia Partners, Eurazeo, FirstMark Capital, and Visionaries Club, as well as a long list of billionaires like Eric Schmidt, Xavier Niel, Yuri Milner, Bernard Arnault (via Aglaé Ventures), and Motier Ventures (the family office of the owners of the Galeries Lafayette Group).
H Use of Funds
The company will use the funds to hire additional talent, acquire compute power and datasets, support research and development towards achieving artificial general intelligence (AGI), and facilitate commercialization and strategic partnerships.
About H
Founded by Charles Kantor, Karl Tuyls, Laurent Sifre, Daan Wierstra, and Julien Perolat, H focuses on developing advanced AI agents designed to enhance worker productivity through "frontier action models." These AI agents aim to automate tasks typically performed by human workers.
Funding Details
Company: H.AI SAS
Raised: $220.0M
Round: Seed Round
Funding Month: May 2024
Investors: Accel, Bpifrance’s Large Venture fund, Creandum, Elaia Partners, Eurazeo, FirstMark Capital, Visionaries Club, Amazon, Samsung, UiPath, Eric Schmidt, Xavier Niel, Yuri Milner, Bernard Arnault, Motier Ventures
Company Website: https://www.hcompany.ai/
Software Category: AI Agents
Source: https://techcrunch.com/2024/05/21/french-ai-startup-h-raises-220-million-seed-round/