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Mistral Ai, A Paris-Based Openai Rival, Closed Its $415 Million Funding Round

Dec 11, 2023

Amount Raised

$415 Million

Round Type

Funding Round

ParisInformation TechnologyArtificial IntelligenceMachine Learning

Description

French startup Mistral AI has officially closed its much anticipated Series A funding round. The company has raised €385 million, or $415 million at today’s exchange rate — according to Bloomberg, it values the company at roughly $2 billion. Mistral AI is also opening up its commercial platform today.

Quick answer

Mistral AI raised $415 Million in a Funding Round round, dated December 11, 2023. Mistral AI is based in Paris, Ile-de-France, France.

How much did Mistral AI raise?
Mistral AI raised $415 Million in a Funding Round round on December 11, 2023.
What does Mistral AI do?
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..
Where is Mistral AI based and how big is it?
Mistral AI is based in Paris, Ile-de-France, France. Fundz records about 1,700 employees.
Who are the decision-makers at Mistral AI?
Fundz holds 2 contacts at Mistral AI, including the Member of Technical Staff. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Artificial Intelligence and Machine Learning around the same time

Companies in the same sectors as Mistral AI that raised within 45 days of this round, from Fundz verified event records.

  • ViralMoment raised $2.5M (Seed) on January 25, 2024.
  • Prompt Security raised $5M (Seed) on January 25, 2024.
  • TextQL raised $4.1M (Seed) on January 25, 2024.
  • RagaAI raised $4.7M (Seed) on January 23, 2024.
  • Avante raised $10M (Seed) on January 12, 2024.
  • Finpilot raised $3.8M (Seed) on January 11, 2024.

Who to call at Mistral AI, and when

A new round usually means Mistral AI is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Mistral AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Mistral AI, from your own LinkedIn network

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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).

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Fundz sees it the moment Mistral AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsUmar J., Member of Technical StaffSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Mistral AI's next move

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Mistral AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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