Mistral AI Nears $14 Billion Valuation with €2 Billion Funding Round
Key Points
- Mistral AI is finalizing a €2 billion investment.
- The round values the company at $14 billion post‑money.
- Mistral is a two‑year‑old OpenAI rival founded by ex‑DeepMind and Meta researchers.
- It develops open‑source language models and the Le Chat chatbot for Europe.
- The company has previously raised over €1 billion from investors like Andreessen Horowitz and General Catalyst.
- This is Mistral's first major raise since a June 2024billion‑valued financing.
- European AI startups are seeing a surge in investment and new unicorns.
French AI startup Mistral AI is finalizing a €2 billion investment that places the company at a post‑money valuation of $14 billion. The two‑year‑old OpenAI rival, founded by former DeepMind and Meta researchers, builds open‑source language models and the Le Chat chatbot for European users. While the firm declined to comment, the round marks its first major raise since a June 2024 financing that valued it at €5.8 billion. Mistral has previously secured over €1 billion from investors such as Andreessen Horowitz and General Catalyst, amid a surge in European AI funding.
Funding Round and Valuation
French AI startup Mistral AI is in the final stages of a €2 billion investment that would set its post‑money valuation at $14 billion. The financing represents the company’s first major raise since a June 2024 round that valued it at €5.8 billion. Mistral has not commented on the report.
Company Background
Mistral AI, a two‑year‑old venture, positions itself as an OpenAI rival. It was founded by former DeepMind and Meta researchers and focuses on developing open‑source language models. The firm also offers Le Chat, an AI chatbot tailored for European audiences.
Investor Base and Prior Funding
Since its inception, Mistral has raised over €1 billion from prominent backers, including Andreessen Horowitz and General Catalyst. The new €2 billion injection underscores continued investor confidence in the company’s technology and market potential.
European AI Landscape
The funding comes as European AI startups experience a notable increase in capital inflows. Industry data highlight a year‑on‑year rise in investment, with multiple startups achieving unicorn status during the first half of the year.