Microsoft-backed Mistral AI raises $645 million at a $6 billion valuation

French tech startup Mistral AI secured a massive funding round of 600 million euros ($645 million), valuing the company at 5.8 billion euros ($6.2 billion). General Catalyst reportedly led the round, with existing investors also participating. Specializing in large language models akin to OpenAI, Mistral AI aims to establish itself as Europe’s AI leader. \r

CEO Arthur Mensch has garnered attention in the tech scene. Despite competing with giants like Microsoft and Google, Mistral AI has attracted investments from such companies. Mensch expressed gratitude to investors on social media, noting that the funds will expedite their global expansion and democratization of frontier AI.