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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, 2024over 1 year ago

Amount Raised

€505 Million

Round Type

series a

ParisInformation TechnologyMachine LearningArtificial Intelligence

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.

Company Information

Company

Mistral AI

Location

Paris, Ile De France, France

About

Mistral AI is an AI startup that provides developers and businesses access to open and portable generative AI solutions.

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Funding Insights

Based on industry data
VC-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