Mistral is rumored to be raising €3B at €20B valuation
Key takeaways
- French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), Bloomberg reported Friday, citing anonymous sources.
- The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in a Series C funding round last September.
- The company also offers closed models tailored for use cases such as programming, voice cloning and generation, and optical character recognition.
Why this matters: a development in AI with implications for how people work, create, and decide.
French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), Bloomberg reported Friday, citing anonymous sources.
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in a Series C funding round last September.
One of Europe s leading AI startups, Mistral launched in 2023 with the stated ambition to “put frontier AI in the hands of everyone.” The company has taken a more open approach to its AI development compared to its American rivals, offering some foundational large language models with open weights, allowing anyone to customize them as they see fit.