TechFlow news: French AI startup Mistral AI has secured €105 million (US$113 million) in seed funding, led by Lightspeed Venture Partners, with participation from Xavier Niel, JCDecaux Holding, Rodolphe Saadé, Motier Ventures, La Famiglia, Headline, Exor Ventures, Sofina, First Minute Capital, and LocalGlobe. According to sources, the company is valued at €240 million (US$260 million) post-funding.
The company, founded by former researchers from DeepMind and Meta, aims to compete with OpenAI and Google in developing generative AI infrastructure. It plans to release its first text-based generative AI model in 2024.




