Mistral AI, a Paris, France-based startup developing generative AI models, raised USD113m in seed funding.
The round, which reportedly brought the valuation of the company to over USD260m, was led by Lightspeed Venture Partners with participation from JCDecaux Holding, Exor Ventures, Sofina, Xavier Niel, Eric Schmidt, and Rodolphe Saade.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Timothee Lacroix, Guillaume Lample and Arthur Mensch, Mistral AI is now in the process of assembling a team of AI experts dedicated to advancing the best generative AI models. No information about the product has been disclosed, yet.
FinSMEs
16/06/2023