H, founded in late 2023, by Stanford University researcher Charles Kantor as CEO, and DeepMind alumni Karl Tuyls (Chief Research and Operations Officer), Laurent Sifre (Chief Technological Officer), Daan Wierstra (joining soon as Chief Scientist), and Julien Perolat (Chief Multi-Agent Officer), has raised $220 million to fund agentic AI, a firm that aims to simplify AI utilization.
The seed round was backed by a long list of investors including Accel, UiPath Inc., Bpifrance, through its Large Venture fund, Eric Schmidt, Xavier Niel, Amazon, FirstMark, Elaia Partners, Eurazeo and Yuri Milner. Other investors include Bernard Arnault’s Aglaé Ventures, Creandum, Motier Ventures, Samsung, and Visionaries Club and others.
The funding is expected to be used to further develop the company’s research talent. In addition, the money is said to be used to acquire the computing and data power that is needed to achieve breakthroughs in the field of agentic models and support the company’s vision of reaching full Artificial General Intelligence (AGI).
Kantor said he was fortunate to be on this journey along with so many talented individuals.
“The H Company is building AI that is not only at the frontier, but also H-olistic and H-umane. The team unites around a simple yet ambitious mission: to drive the productivity of billions forward. We’re committed to transforming entire industries as well as the everyday human experience, bringing that human-computer tandem into reality and paving the way towards full-AGI.”
Philippe Botteri, Partner at Accel, predicted that H will create a model that will “be transformational across all industries.”
H anticipates that its models will reason, plan, and collaborate, revolutionizing entire industries.
