Mistral AI Secures €600 Million in Series B Funding Round

According to Odaily, Mistral AI, a leading artificial intelligence company, has successfully raised €600 million (approximately $640 million) in a Series B funding round. The round was led by General Catalyst, with participation from a host of other investors. These include Belfius, Bertelsmann Investment, BNP Paribas, Bpifrance via its digital risk investment fund, Cisco, Eurazeo, Headline, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow, SV Angel, Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investment Corporation, and Salesforce Ventures. Mistral AI's main competitors in the AI sector include OpenAI and Anthropic. The company has already released pre-trained and fine-tuned models under an open-source license based on open weights. This funding round marks a significant milestone for Mistral AI, demonstrating the confidence investors have in its innovative AI technology and its potential for growth in the future.