Mistral AI raised €505M in a Series A funding led by Databricks to integrate its AI models into the Databricks Data Intelligence Platform.
Mar 14, 2024•over 1 year ago
Amount Raised
€505 Million
Round Type
series a
Investors
Databricks
Description
Databricks announced a partnership with and participation in the Series A funding of Mistral AI, a French generative AI provider. Mistral AI has raised over €505 million in funding, with the majority raised in its first year of commercial operation. Databricks and Mistral AI now offer Mistral AI's open models natively integrated within the Databricks Data Intelligence Platform.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech