Former DeepMind employees have raised $220 million for an “AGI” (Artificial General Intelligence) model

"H", a global foundation model and "agentic" AI company, has entered the competition for Artificial General Intelligence (AGI) with a $220 million seed funding round.

The company plans to use the raised capital to enhance its research team and acquire significant computing and data resources. Investors in the $220 million seed funding round include Accel, UiPath Inc., Bpifrance, Eric Schmidt, Xavier Niel, Amazon, FirstMark, Elaia Partners, Eurazeo, Yuri Milner, Aglaé Ventures, Creandum, Motier Ventures, Samsung, and Visionaries Club.

Four of H's founding team members have backgrounds at DeepMind, while CEO and Charles Kantor have roots at Stanford. The team consists of 25 AI engineers and scientists.

Kantor expressed gratitude for the talented co-founders, supportive investors, and industry partners on the journey. The H Company aims to develop AI that is cutting-edge, holistic, and humane, with a mission to enhance the productivity of billions. The team is dedicated to revolutionizing industries and improving the human experience by bridging the gap between humans and computers.

Philippe Botteri, Partner at Accel, praised the H team's vision of developing a comprehensive action model for automating business tasks, highlighting its potential to revolutionize various industries. He expressed excitement about supporting the exceptional founding team and their innovative endeavors, emphasizing the unique capabilities of H's project compared to existing Large Language Models (LLMs).

Philippe Botteri, Partner at Accel, expressed enthusiasm for the H team's ambitious vision of developing a comprehensive action model designed to automate various business tasks. He emphasized the transformative potential of this initiative, highlighting its capacity to revolutionize operations across diverse industries. Botteri commended the H team for their innovative approach, noting that their project surpasses the capabilities of existing Large Language Models (LLMs).

Accel is excited to support the exceptional founding team on their journey towards realizing this groundbreaking technology.The partnership with H represents a strategic investment in cutting-edge AI solutions that have the power to drive significant advancements in business automation and industry efficiency. Accel looks forward to collaborating closely with the H team to facilitate the development and implementation of their revolutionary AI platform.

Nicolas Dufourcq, CEO of Bpifrance, expressed delight in supporting the exceptional scientific team at H, which comprises individuals trained in prestigious French institutions and possessing highly qualified profiles. By choosing Paris as their launch location, H reaffirms France's prominent position in the realm of Generative AI.

Bpifrance is excited to be part of these groundbreaking advancements through their investment and is committed to providing comprehensive support to the ambitious entrepreneurs at H. Dufourcq emphasized Bpifrance's dedication to assisting the team at every stage of their journey, leveraging the organization's extensive resources to facilitate the growth and success of H in the field of AI innovation.

Daniel Dines, Executive Chairman and Chief Innovation Officer at UiPath, Inc., expressed his belief in the significant potential of H, a company established by leading AI experts globally. Dines highlighted the unique expertise of H's founders in developing AI solutions that are not only impactful but also evolutionary in nature. He emphasized the importance of understanding the necessary capabilities to deliver cutting-edge AI solutions, underscoring the promising future ahead for H in the realm of artificial intelligence innovation.

The H team is poised to revolutionize business automation by harnessing the potential of GenAI through the development of a next-generation action model. This innovative approach enables the completion of a series of tasks to automate intricate workflows efficiently. The implementation of this foundational layer is expected to be transformative, offering new execution capabilities to software applications across various industries and functions. The overarching objective is to advance towards achieving artificial general intelligence specifically tailored for business automation, paving the way for unprecedented advancements in operational efficiency and productivity.