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Market
Mistral AI's geographic expansion target by end of 2024
5
Resolution / Starting Odds
North America • 25%
Asia • 25%
South America • 25%
Africa • 25%
Company press releases or major business news publications
Story
Paris-based Mistral AI Nears $600M Raise at $6B, Triple Previous Valuation
May 9, 2024, 03:51 PM
Mistral AI, a Paris-based French AI startup, is close to securing a funding deal that would value the company at approximately $6 billion, three times its valuation from December 2023 when it was valued at $2 billion. The company previously raised $500 million and is now reportedly raising around $600 million. Notably, while Softbank is not participating in this funding round, DST Global is involved. This funding is aimed at helping Mistral AI compete more effectively with major players in the AI field like OpenAI and Anthropic.
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North America • 33%
Asia • 33%
South America • 33%
Significant increase in global market presence • 33%
Moderate increase in global market presence • 33%
No significant change in global market presence • 34%
San Francisco • 25%
New York • 25%
London • 25%
Berlin • 25%
Less than €500 million • 33%
€500 million to €1 billion • 33%
More than €1 billion • 33%
New AI model • 33%
New software suite • 33%
New hardware product • 33%
Open-source AI tools • 33%
Enterprise AI solutions • 33%
Consumer AI applications • 33%
New AI model • 33%
AI platform or tool • 33%
Partnership-based product • 34%