Mistral AI Raises €600M ($640M) in Series B, Valuation Hits $6.2 Billion

Jun 11, 2024, 05:31 PM

Mistral AI has successfully raised €600 million ($640 million) in a Series B funding round at a $6 billion valuation. The funding round was led by General Catalyst and included significant investments from Andreessen Horowitz, Lightspeed Ventures, Nvidia, Samsung, Salesforce, Cisco, IBM, and BNP Paribas. This new investment has tripled Mistral's valuation since December, now reaching $6.2 billion. The company has demonstrated remarkable technical achievements and efficiency over the past year, which has impressed investors. Mistral AI is at the forefront of the open-source frontier, with a strong focus on innovation and growth.