• About Us
  • Privacy Policy
  • Disclaimers
  • Terms and Conditions
  • Contact Us
  • DMCA Policy
Tech Chilli
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us
No Result
View All Result
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us
No Result
View All Result
Tech Chilli
No Result
View All Result

Home » News » French startup Mistral AI raised 385 million euros ($414 million)

French startup Mistral AI raised 385 million euros ($414 million)

French AI start-up Mistral raises €385 million, becoming a major player in European AI. Led by Andreessen Horowitz, the funding values Mistral at €2 billion, marking it as a French tech unicorn.

francoise hardy by Françoise
Monday, 11 December 2023, 9:35 AM
in AI, News
French Startup Mistral AI

French Startup Mistral AI

French artificial intelligence(AI) startup Mistral artificial intelligence(AI) has successfully raised 385 million euros ($414 million) in its latest funding round, positioning itself as one of Europe’s leading AI companies. Established in May by industry veterans, Mistral had already secured 105 million euros by June. This recent financing, led by Californian fund Andreessen Horowitz, places Mistral’s valuation at 2 billion euros, making it a French tech unicorn.

CEO Arthur Mensch said that this funding round signifies a significant step in the company’s acceleration. The emergence of Mistral and Germany’s Aleph Alpha as key players in the European AI landscape aligns with the European Union’s efforts to regulate the sector without curbing innovation in the region.

Also Read: What is GPAI Summit 2023: Celebrating AI and Indian talent

In comparison, Aleph Alpha raised nearly 500 million euros in early November. Mistral’s backing includes support from American tech giants such as Salesforce and reportedly Nvidia, a global leader in supercomputer chips. Mistral’s rapid rise has garnered attention in the media, with some considering it a potential rival to OpenAI, the company behind ChatGPT.

Mistral, boasting 22 employees, follows the trend of offering open-source language models fueled by public data, similar to its competitors. The three French co-founders, including CEO Mensch, bring extensive experience from major US tech firms, including Meta. The support from Silicon Valley giants underscores the enthusiasm generated by Mistral in its brief eight-month existence.

As EU member states and lawmakers finalise regulations for AI models, Mistral and other companies aim to balance innovation with necessary oversight. The industry’s key players, including Mistral, contribute to the dynamic landscape of AI development in Europe.

Latest News: What is AI Alliance and Why IBM, Meta, Dell, NASA, and Others 50 Launched it

Previous Post

ChatGPT has become ‘Lazy’: OpenAI says investigating the reports

Next Post

You Have Perfect Eyesight If You Can Find The Snail Hidden In The Deserted Junkyard In This Optical Illusion

francoise hardy

Françoise

Francoise Hardy, A digital content creator and tech integration specialist with over 10 years of experience, is known for his deep knowledge in AI, ML, Data Science, Robotics, and Neural Networks. He began his career with a passion for emerging technologies, leading to innovative solutions and digital transformation in various businesses. Francoise's expertise extends to the ethical aspects of technology, advocating for responsible usage. Recognized by his peers, he is a sought-after speaker and writer in the tech industry. His commitment to advancing technology for societal benefit defines his career.

Next Post
Optical Illusion Spot Snail Hidden In The Deserted Junkyard Picture

You Have Perfect Eyesight If You Can Find The Snail Hidden In The Deserted Junkyard In This Optical Illusion

  • Trending
  • Comments
  • Latest
top Yield Farming Platforms

Top 13 Yield Farming Platforms in 2025: Maximize APY with Secure and Trusted Crypto Tools

April 17, 2025
scott wu net worth

Scott Wu Net Worth: Devin AI Software Engineer, CEO of Cognition Labs

April 17, 2025
Artificial Intelligence (AI) Glossary and Terminologies

Artificial Intelligence (AI) Glossary and Terminologies – Complete Cheat Sheet List

April 18, 2025
TurbolearnAI

Turbolearn AI: How to Use It for FREE, Features and Pricing Models

April 3, 2025
What is Blockchain Technology

What is Blockchain Technology And How Does It Work?

Enterprise AI

What is Enterprise AI? Meaning, Companies, Examples and More Details

Cosine Genie AI Software Engineer

What is Cosine Genie and How to Use? Check Benchmark, Functions, and Access Details

PhonePe Leads UPI Market in August 2024, Claims 50% Share by Value and 48% by Volume

PhonePe Partners with Liquid Group to Bring UPI Payments to Singapore for Indian Travelers

Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025
Generative AI Companies

Top Generative AI Companies of the World 2025

April 28, 2025
Veo 2 extends access to more Gemini Advanced Users

Veo 2 extends access to more Gemini Advanced Users

April 25, 2025
Perplexity launches the iPhone voice assistant

Perplexity launches the iPhone voice assistant

April 24, 2025

Recent News

Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025
Generative AI Companies

Top Generative AI Companies of the World 2025

April 28, 2025
Veo 2 extends access to more Gemini Advanced Users

Veo 2 extends access to more Gemini Advanced Users

April 25, 2025
Perplexity launches the iPhone voice assistant

Perplexity launches the iPhone voice assistant

April 24, 2025

Trending in AI

  • Perplexity CEO Net Worth
  • Grammarly AI Detection
  • What is LangChain
  • Canva AI Tool
  • Koupon AI
Tech Chilli

Tech Chilli is a beacon of knowledge, a relentless purveyor of the latest information, news, and groundbreaking research in the realm of cutting-edge technology.

We are dedicated to curating and delivering the most relevant, accurate, and up-to-the-minute information on the technologies that are shaping our world.
Contact us – [email protected]

Follow Us

Browse by Category

  • AI
  • AI India
  • Courses
  • Crypto
  • Featured
  • FinTech
  • Gaming
  • How-To
  • News
  • Puzzles
  • Robotics

Top Searches

  • Scott Wu Net Worth
  • Mira Murati Net Worth
  • Online Games for Couples
  • Amazon Q vs Microsoft Copilot
  • DarkGPT

Recent News

Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025
Generative AI Companies

Top Generative AI Companies of the World 2025

April 28, 2025
Veo 2 extends access to more Gemini Advanced Users

Veo 2 extends access to more Gemini Advanced Users

April 25, 2025
Perplexity launches the iPhone voice assistant

Perplexity launches the iPhone voice assistant

April 24, 2025
  • About Us
  • Privacy Policy
  • Disclaimers
  • Terms and Conditions
  • Contact Us
  • DMCA Policy

© 2024 Tech Chilli

No Result
View All Result
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us

© 2024 Tech Chilli

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OK