H builds foundational models that it describes as “agentic”, a type of AI that is designed to be able to break down tasks into multiple steps. The startup claims that its models will be more capable of reasoning, planning and collaborating than those of its competitors. UiPath, a company that provides automation software, is planning to develop a commercial relationship with H, stating that H’s technology will significantly expand its capabilities.
Key takeaways:
- Paris-based AI startup H has raised a $220m seed round to build foundational AI models. The round was led by US VC Accel, with participation from Amazon, UiPath, and others.
- The startup was founded by former scientists from Google DeepMind and the capital will be used to expand the research team and fund the necessary compute and data power.
- H's AI models are described as "agentic", designed to break down tasks into multiple steps and carry out those sub tasks, offering more capabilities in reasoning, planning and collaborating than its competitors.
- The startup has already hired a team of 25 and its launch in Paris aligns with the city's emergence as a hotspot for AI in Europe.