TechFlow news: French AI startup Mistral AI has raised 600 million euros (approximately $640 million) in a Series B funding round led by General Catalyst. Other investors include Lightspeed Venture Partners, a16z, NVIDIA, Samsung Ventures, Salesforce Ventures, Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance, Cisco, Eurazeo, Headline, Hanwha Asset Management Venture Fund, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow, and SV Angel.
Founded by former researchers from DeepMind and Meta, Mistral AI competes with OpenAI and Google in developing generative AI infrastructure. Last December, the company announced a 385 million euro ($415 million) funding round led by a16z and Lightspeed Ventures, which valued the company at 2 billion dollars.
