French AI Start-Up Mistral Secures € 2bn Valuation
Photo dated November 17, 2023 shows Co-founder and CEO of Mistral AI Arthur Mensch speaks to the audience during Europe's leading conference on artificial intelligence ai-PULSE in Paris, France. 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. Photo by Firas Abdullah/ABACAPRESS.COM
- Product Code
- ILEA002080080
- Registered date
- 2023/11/17 00:00:00
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- Abaca Press / Kyodo News Images
- Media source
- Abdullah Firas/ABACA
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