share_log

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

SEC ·  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.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.