Mistral AI raised €3 billion in the largest equity fundraising round by a European tech company, led by Samsung Electronics. The funding will be used to scale compute capacity and accelerate commercial growth while addressing European tech dependency concerns.
Company Information
Company
Mistral AI
Location
Paris, Ile-de-France, France
About
AI is well and truly off to the races: a startup that is only four weeks old has picked up a $113 million round of seed funding to compete against OpenAI in the building, training and application of large language models and The startup may well be hoping for the same effect here. Sources close to the company confirm that the €105 million in funding ($113M at today’s rates) values Mistral AI €240 million ($260 million).