H, a Paris-based startup formerly known as Holistic AI, has raised an extraordinary $220 million in its seed round, a remarkable feat for a newly established company.
This rapid fundraising success is attributed to its strong AI focus and an exceptional founding team. Co-founder and CEO Charles Kantor, a former Stanford researcher, leads the team alongside four ex-DeepMind experts: Karl Tuyls, Laurent Sifre, Daan Wierstra, and Julien Perolat. Their combined expertise spans game theory, multi-agent research, and contributions to groundbreaking projects like AlphaGo and AlphaFold.
H is developing AI agents designed to enhance worker productivity, aiming for artificial general intelligence (AGI). The company’s investors include prominent billionaires such as Eric Schmidt, Xavier Niel, and Bernard Arnault, leading VC funds like Accel and FirstMark Capital, and industrial backers including Amazon and Samsung. Notably, UiPath is also an investor, offering support for commercialization and partnerships.
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The financing is a mix of traditional equity (40%) and convertible debt, which will be converted to equity based on future valuations. H’s 25-member team indicates its aggressive growth strategy, contrasting with the more cautious hiring approach of other AI startups like Mistral AI. With significant funds needed for computing power and datasets, H is positioned to advance its ambitious AGI goals. Paris has become a thriving hub for AI startups, attracting significant investment and talent, positioning H among the leading companies in this burgeoning ecosystem.
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