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Mistral, French A.I. Start-Up, Is Valued at $2 Billion in Funding Round

by Nwoow News NwoowNews

Mistral AI, a Paris start-up founded seven months ago by researchers from Meta and Google, has raised 385 million euros, or about $415 million, in yet another sign of feverish interest in a new kind of artificial intelligence that drives online chatbots.

The deal values the 22-person company at about $2 billion, two people familiar with the deal said. Investors include the Silicon Valley venture capital firms Andreessen Horowitz and Lightspeed Venture Partners.

The start-up’s value has increased more than sevenfold in just six months. In the summer, it raised a seed funding round of €105 million (about $113 million) that valued the company at about $260 million.

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Created on Dec 11th 2023 04:43. Viewed 107 times.

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