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New York Times

Mistral, a French A.I. Start-Up, Is Valued at $6.2 Billion

Mistral is Just a Year Old and Has Already Raised More Than $1 Billion in Total

Mistral, a French artificial intelligence start-up, said on Tuesday that it had raised 600 million euros, or about $640 million, from investors, a sign of robust interest in a company seen as Europe’s most promising rival to OpenAI and other Silicon Valley A.I. developers.

Mistral is now valued at €5.8 billion, according to a person familiar with the investment, an eye-popping sum for a company founded just one year ago by alumni from Meta and Google. The company’s valuation has roughly tripled since December, when it raised €385 million.

Investors in the latest round included the venture capital firms General Catalyst, Andreessen Horowitz and Lightspeed Venture Partners, as well as Nvidia, Samsung, Salesforce, Cisco, IBM and BNP Paribas.