H.AI SAS announced that it has raised ?186 million in first tranche on May 7, 2024. The tranche included participation from new investors, UiPath Inc for ?32.4192 million, Accel Partners and individual investors Wendy and Eric Schmidt. The company will raise ?74.4 million from common shares and ?111.6 million from convertible debt.

The transaction has been raised at a post money valuation of ?344 million.