- Mistral AI raises $640M in Series B funding, reaches $6B valuation.
- The startup offers open-source and proprietary AI models.
- Investors include General Catalyst, Microsoft Azure, Andreessen Horowitz, and Salesforce Ventures.
Paris-based startup Mistral AI has closed an impressive €600 million (approximately $640 million) Series B funding round, comprising equity and debt.
The round, led by General Catalyst, propels the company’s valuation to a staggering $6 billion.
Open source, proprietary, and ready to party
Mistral AI, founded by Meta and Google’s DeepMind alumni, aims to rival the best-performing AI models today.
The company has released pre-trained and fine-tuned models under an open source license, such as Mistral 7B, Mistral 8x7B, and Mistral 8x22B.
Its most advanced models, like Mistral Large, are proprietary and designed for API-first products.
Investor squad goals
The company has distribution partnerships with cloud providers, including Microsoft Azure, which is also a minor shareholder.
Arthur Mensch, Mistral AI’s co-founder and CEO, expressed delight in the investors’ renewed confidence and support for the company’s expansion.
The long list of investors features prominent names such as Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investment Corporation, and Salesforce Ventures.
