VB Transform 2024 returns this July! Over 400 enterprise leaders will gather in San Francisco from July 9-11 to dive into the advancement of GenAI strategies and engaging in thought-provoking discussions within the community. Find out how you can attend here.
A year after entering the generative AI race with Europe’s largest-ever seed round of $113 million, Mistral AI is raising more cash — lots more, like, almost 6X that amount.
The Paris-based startup today announced it has secured $640 million series B funding in a combination of debt and equity, taking its valuation to nearly $6 billion.
The investment has been led by General Catalyst, with contributions from several new and existing investors, including Lightspeed, Andreessen Horowitz, Bpifrance as well as the investment arms of IBM, Samsung, Salesforce, Cisco and Nvidia. Notably, the development marks a 23-fold increase in Mistral’s valuation, which was just $240 million in June 2023.
“I am delighted to see new and existing investors renew their confidence in our business and provide new support for its expansion. This new round puts us in a unique position to push the frontier of AI and bring state-of-the-art technology to everyone’s hands. It guarantees the company’s continued independence, which remains fully under the founders’ control,” Arthur Mensch, co-founder and CEO of Mistral, said in a statement provided to VentureBeat.
VB Transform 2024 Registration is Open
Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunitie …
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VB Transform 2024 returns this July! Over 400 enterprise leaders will gather in San Francisco from July 9-11 to dive into the advancement of GenAI strategies and engaging in thought-provoking discussions within the community. Find out how you can attend here.
A year after entering the generative AI race with Europe’s largest-ever seed round of $113 million, Mistral AI is raising more cash — lots more, like, almost 6X that amount.
The Paris-based startup today announced it has secured $640 million series B funding in a combination of debt and equity, taking its valuation to nearly $6 billion.
The investment has been led by General Catalyst, with contributions from several new and existing investors, including Lightspeed, Andreessen Horowitz, Bpifrance as well as the investment arms of IBM, Samsung, Salesforce, Cisco and Nvidia. Notably, the development marks a 23-fold increase in Mistral’s valuation, which was just $240 million in June 2023.
“I am delighted to see new and existing investors renew their confidence in our business and provide new support for its expansion. This new round puts us in a unique position to push the frontier of AI and bring state-of-the-art technology to everyone’s hands. It guarantees the company’s continued independence, which remains fully under the founders’ control,” Arthur Mensch, co-founder and CEO of Mistral, said in a statement provided to VentureBeat.
VB Transform 2024 Registration is Open
Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunitie …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]