Mistral AI, the Paris-based artificial intelligence start-up, has raised €600mn in new funding at a valuation of almost €6bn, just a year after the Microsoft- and Nvidia-backed company was launched as an unlikely challenger to OpenAI.
The investment, which has tripled the company’s price tag since December, is led by General Catalyst, alongside several of Mistral’s existing investors, including Lightspeed, Andreessen Horowitz, Factorial Funds, Bpifrance and BNP Paribas. Corporate backers include Nvidia, Salesforce, Samsung and IBM.
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