tldrdaily.news logo

Mistral AI Secures $415M Funding, Reaches $2B Valuation

1 min read
Source: Cointelegraph
Mistral AI Secures $415M Funding, Reaches $2B Valuation
Photo: Cointelegraph
TL;DR Summary

French startup Mistral AI has closed a funding round worth $415 million, led by Andreessen Horowitz and Lightspeed Ventures, bringing its total funding to $528 million. Mistral AI focuses on open-source technology for generative AI tools and aims to make its products available to the public in early 2024. The company was founded by former leads at Google's DeepMind and Meta, and it is valued at around $2 billion. Additional investors in the funding round included Salesforce, Bpifrance, and Eric Schmidt.

Topics:business#artificial-intelligence#funding-round#generative-ai#mistral-ai#open-source-technology#technology
Share this article
  1. French startup Mistral AI closes $415M funding round  Cointelegraph
  2. Mistral AI, a Paris-based OpenAI rival, closed its $415 million funding round  TechCrunch
  3. OpenAI Competitor Mistral AI Nabs $487M Round, Hitting $2B Valuation  Crunchbase News
  4. Mistral, French A.I. Start-Up, Is Valued at $2 Billion in Funding Round  The New York Times
  5. French AI start-up Mistral reaches unicorn status  Euronews

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

1 min

vs 2 min read

Condensed

75%

318 → 81 words

Want the full story? Read the original article

Read on Cointelegraph