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UiPath | 8-K: Uipath Agrees to Invest Approximately $35.2 Million in H.Ai's First Seed Round of Investment

SEC announcement ·  May 11 03:40
Summary by Futu AI
On May 3, 2024, UiPath, Inc., a leader in the field of robotic process automation, filed a Form 8-K with the United States Securities and Exchange Commission. The report announced UiPath's investment of approximately $35.2 million in H.AI, a France-based company specializing in foundational models and agentic artificial intelligence. The investment is divided between a cash investment for equity and the purchase of convertible bonds. This initial seed round marks the beginning of what UiPath anticipates to be a developing commercial relationship with H.AI. Further details on the collaboration will be disclosed as they become available. The Form 8-K was officially signed by UiPath's Chief Legal Officer and Secretary, Brad Brubaker, on May 9, 2024.
On May 3, 2024, UiPath, Inc., a leader in the field of robotic process automation, filed a Form 8-K with the United States Securities and Exchange Commission. The report announced UiPath's investment of approximately $35.2 million in H.AI, a France-based company specializing in foundational models and agentic artificial intelligence. The investment is divided between a cash investment for equity and the purchase of convertible bonds. This initial seed round marks the beginning of what UiPath anticipates to be a developing commercial relationship with H.AI. Further details on the collaboration will be disclosed as they become available. The Form 8-K was officially signed by UiPath's Chief Legal Officer and Secretary, Brad Brubaker, on May 9, 2024.
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