French AI Giant Mistral Soars to €2 Billion Valuation in Major Funding Round

In just under a year since its launch, French AI startup Mistral has cemented its status as a global leader in the industry with a stratospheric €2 billion valuation. The company closed a mega €450 million funding round led by top US investor Andreessen Horowitz, with participation from Microsoft, Salesforce, BNP Paribas and more.

The sky-high valuation, achieved in a single year, underscores the enormous promise of Mistral’s groundbreaking work in artificial intelligence. Founded by former DeepMind researchers, Mistral is taking a revolutionary open-source approach to building powerful language models. By training its systems only on publicly available data, Mistral aims to develop highly intelligent technologies safely and for the benefit of all.

The massive funding injection will fuel Mistral’s mission to launch its first AI products in early 2024. While competitors like ChatGPT tackle NLP in closed systems, Mistral is charting a new path toward transparent, ethics-focused conversation technologies. With unmatched innovation and a stellar investor lineup, the Paris-based company is cementing its status as the European leader in a strategic industry poised to transform our world.