Rimah Harb’s Post

French AI startup H (H Company) has made headlines by raising an impressive $220 million seed round shortly after its inception. Previously known as Holistic AI, the company focuses on developing new AI models aimed at creating agents capable of performing tasks traditionally done by humans, thereby boosting productivity. H is led by a team of seasoned founders with credentials from Stanford and DeepMind, bringing a wealth of expertise to the table. The startup has drawn significant investments from notable billionaires, prominent VC funds, and industrial giants such as Amazon and Samsung. This development underscores Paris's emerging status as a hub for AI startups, characterized by a rich ecosystem of talent and increasing funding opportunities. #AI #Startup #TechNews #Investment #Innovation #ParisTech #HolisticAI ---------------------- Learn more here: https://lnkd.in/e-CCjCqs

French AI startup H raises $220 million seed round It’s not often that you perceive astir a effect circular supra $10 million. H, a startup based successful Paris and antecedently known arsenic Holistic AI, has announced a $220 cardinal effect circular conscionable a fewer months aft the company’s inception. The crushed wherefore this institution managed to rise truthful overmuch wealth truthful rapidly is that it’s an AI startup moving connected caller models with an awesome founding team. Charles Kantor, the startup’s co-founder and CEO, was a assemblage researcher astatine Stanford. The 4 different co-founders each antecedently worked for DeepMind, the AI institution owned by Google. Karl Tuyls was a probe manager astatine DeepMind, wherever helium worked connected crippled mentation and multi-agent research. Laurent Sifre was a main idiosyncratic who contributed to galore of DeepMind’s flagship projects, specified arsenic AlphaGo, AlphaFold and AlphaStar. More recently, helium besides worked connected Google’s Gemini and Gemma models. Daan Wierstra was a founding subordinate astatine DeepMind and volition go the Chief Scientist Officer astatine H. And finally, Julien Perolat besides worked rather a spot connected crippled mentation and multi-agent probe astatine DeepMind. As you whitethorn person guessed, H is going to enactment connected AI agents, automated systems that tin execute tasks that are traditionally performed by quality workers. The company’s minimalistic site says that H is moving connected “frontier enactment models to boost the productivity of workers.” The database of investors see a agelong database of billionaires (or their household offices), immoderate well-known VC funds and a fewer strategical backers. On the billionaire list, you’ll find Eric Schmidt, Xavier Niel, Yuri Milner, Bernard Arnault (via Aglaé Ventures) and Motier Ventures (the household bureau of the owners of the Galeries Lafayette Group). On the VC list, immoderate of the investors see Accel, Bpifrance’s Large Venture fund, Creandum, Elaia Partners, Eurazeo, FirstMark Capital and Visionaries Club. Finally, determination are a fistful of concern investors, specified arsenic Amazon and Samsung. Interestingly, UiPath is besides an capitalist successful H. The European robotic process automation unicorn volition besides assistance H erstwhile it comes to commercialization and partnerships. According to an earlier Bloomberg report, investors are splitting their commitments into equity and convertible debt. Around 40% of today’s financing is simply a accepted equity investment, meaning that H has sold a information of its shares successful exchanges for money. The remainder volition beryllium converted to equity astatine a aboriginal stage, erstwhile H raises different circular of funding. The ...

𝐏𝐚𝐫𝐢𝐬 𝐛𝐚𝐬𝐞𝐝 𝐀𝐈 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐌𝐢𝐬𝐭𝐫𝐚𝐥 𝐀𝐈 𝐑𝐚𝐢𝐬𝐞𝐬 $640𝐌 Mistral AI, the Paris-based startup started by former Meta and Google DeepMind employees, has raised $640 million in its Series B funding round. This round was led by General Catalyst and includes $503 million in equity and $142 million in debt, raising the company's valuation to $6 billion just one year after it was founded. Mistral AI previously raised $113 million in a large seed round and is now ready to compete with major players like OpenAI and Anthropic. The company has already released several open-source AI models, such as Mistral 7B, Mistral 8x7B, and Mistral 8x22B, which are available for free use with proper credit. With this new funding, Mistral AI plans to increase its computing power and team size, speeding up its efforts to bring its products to market globally. The company’s proprietary models, like Mistral Large, are offered through paid APIs, while its generative AI model for code, Codestral, is restricted to non-commercial use only. Investors in the Series B round include Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investment Corporation, and Salesforce Ventures, among others. This new investment brings Mistral AI’s total funding to over $1 billion. Arthur Mensch, CEO and co-founder of Mistral AI, shared his excitement about the new funding, noting that it will help keep the company independent and push forward with developing advanced AI technology. With the AI market expected to grow to $1.3 trillion in the next decade, Mistral AI's recent funding shows the increasing interest and confidence in this field. It will be interesting to see how Mistral uses this investment to further develop its AI technology and expand its reach. #MistralAI #ArtificialIntelligence #FundingNews #TechStartups #Innovation #AI #VentureCapital #Technology #AIModels #StartupFunding

Did you know that navigating the AI hype in startup pitches is crucial for founders aiming for investment? AI startups garnered 40% of venture funding in May, making it tempting to emphasize AI in pitches. But here's the kicker: while going all-in on the AI hype in your pitch is tempting, it might not be the best move. As overbranding AI can backfire with serious investors and customers, caution is advised, says Vivek Ladsariya and Heather Redman at PAN-IIT Seattle 2024. They stressed authenticity—focusing on solving real customer problems rather than tech jargon. Despite the trend, success stories like Pictory.ai highlight that AI integration should serve practical applications, not just buzzwords. #AIStartups #VentureFunding #StartupAdvice #TechTrends

Funding in AI Startups Sept-1 Issue: ConverSight, Voxel, AI21, and Gesund Quick Read: https://lnkd.in/g4wAJz8m #aistartups #funding #fundingnews AI21 Labs Voxel Tavus ConverSight

#Startups in the San Francisco bay area have received 41% of 2023's total U.S. #venturecapital funding, according to Crunchbase. This is highest share in years. #AI, of course, is why, with over 250 bay area AI companies getting funding so far in 2024.

A new report from VC firm Accel and data platform Dealroom.co shows the talent hotspots spawning GenAI startups in Europe. Read more in the report analysis from Sifted: #genAI #AI #research #startups #report #analysis #data

Summary: The article highlights the continued high level of investment in AI startups, with over $35.5 billion raised globally in the first half of 2024. It also lists several U.S.-based AI companies that have raised over $100 million in funding so far this year. Key takeaways: AI remains a hot category for venture investors, with billions of dollars being poured into AI startups. U.S. startups have received the majority of mega-rounds (over $100 million) in the first half of 2024. The article also includes a list of notable AI startups that have raised significant funding in 2024, including Skild AI, Bright Machines, and AlphaSense. Counter arguments: Despite the continued high level of investment in AI, some critics may argue that there is an AI fatigue among investors and that not all AI startups will live up to their promised potential. There may also be concerns about the ethical implications of investing in AI and the potential for negative consequences from AI technology. #venturecapital #venture #vc #startup #tech

Over $35.5 billion was invested in AI startups worldwide in the first half of 2024, with a notable concentration in the U.S. including two rounds exceeding one billion dollars. Here's a list of AI companies raising investment rounds exceeding $100 million. #AI #techinvestments #startups https://lnkd.in/e6vS276z

Generative AI startup raises £1.2m for investor deal flow tool 🤖 A British generative AI startup has raised $1.5m (£1.2m) in seed funding to provide automation tools that assist investment firms with deal flow. London-based Eilla AI says its platform “mirrors” industry professionals to carry out tasks such as market mapping, document creation and offer comparisons. Nikola Lazarov Eleven Ventures Fuel Ventures 🚀 🚀 Mark Pearson Svetozar Georgiev #funding #investment #generativeai #artificialintelligence #startup #growth #seedfunding