INSUBCONTINENT EXCLUSIVE:
promising tech startups and is arguably the only European company that could compete with OpenAI
on mobile app stores was met with some hype, particularly in its home country
said in a TV interview ahead of the AI Action Summit in Paris.While this wave of attention may be encouraging, Mistral AI still faces
optical character recognition (OCR) API that can turn any PDF into a text file to make it easier for AI models to ingest.Techcrunch
States tech companies with significant operations in Paris
staffers.Co-founding advisers also include Jean-Charles Samuelian-Werve (also a board member) and Charles Gorintin from health insurance
Mistral AI differentiates its premier models, whose weights are not available for commercial purposes, from its free models, for which it
provides weight access under the Apache 2.0 license.Free models include research models such as Mistral NeMo, which was built in
through APIs with usage-based pricing
Enterprises can also license these models, and the company likely also generates a significant share of its revenue from its strategic
eight-digit range, according to multiple sources.What partnerships has Mistral AI closed?In 2024, Mistral AI entered a deal with Microsoft
agency, shipping giant CMA, German defense tech startup Helsing, IBM, Orange, and Stellantis.How much funding has Mistral AI raised to
This includes some debt financing, as well as several equity financing rounds raised in close succession.In June 2023, and before it even
released its first models, Mistral AI raised a record $112 million seed round led by Lightspeed Venture Partners
this seed round included Bpifrance, Eric Schmidt, Exor Ventures, First Minute Capital, Headline, JCDecaux Holding, La Famiglia, LocalGlobe,
time), at a reported valuation of $2 billion
The round was led by Andreessen Horowitz (a16z), with participation from existing backer Lightspeed, as well as BNP Paribas, CMA-CGM,
Conviction, Elad Gil, General Catalyst, and Salesforce.The $16.3 million convertible investment that Microsoft made in Mistral AI as part of
their partnership announced in February 2024 was presented as a Series A extension, implying an unchanged valuation.In June 2024, Mistral AI
The long-rumored round was led by General Catalyst at a $6 billion valuation, with notable investors, including Cisco, IBM, Nvidia, Samsung
the World Economic Forum in Davos
squash persistent acquisition rumors is to scale its revenue to levels that could even remotely justify its nearly $6 billion valuation
Either way, stay tuned.This story was originally published on February 28, 2025 and will be regularly updated.
