French AI startup backed by Arnault plans to raise more funds
Briefly

H, the French AI startup backed by billionaires, is poised for its second funding round after launching its first product, showcasing the growing demand for AI-driven solutions.
The company's initial funding round of $220 million reflects investors' strong appetite for AI, allowing H to develop AI agents capable of performing diverse tasks.
Kantor stated that despite competing with giants like Microsoft and Anthropic, H aims to innovate and release more products soon, demonstrating resilience and ambition in a crowded market.
After the departure of key co-founders over operational differences, CEO Kantor expresses confidence in the remaining team, emphasizing their progress and strategic direction moving forward.
Read at Fortune Europe
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