Deals
Mistral Fundraises at €5.8 Billion Valuation to Rival OpenAI
- Buzzy French startup closes €600 million investment round
- Nvidia, Cisco and Samsung join slate of prominent VC backers
Mistral is France’s prized AI champion, and it’s attracted more than €1 billion in investment in the last year.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Mistral AI has raised €600 million ($644 million) from a slew of financial and tech investors as the French artificial intelligence startup starts to take on bigger global players such as OpenAI.
The investment gives the company, formed in early 2023, a €5.8 billion valuation, according to a person familiar with the terms, who asked not to be identified discussing private information.