Frances (and Europes) GenAI darling Mistral has reportedly almost tripled its valuation, reaching 5.8bn.
An additional 132mn in debt financing brings the total funding to 600mn.
The startups potential attracted strong investor interest from the outset.
Last year, Mistralsecured 105mnin Europes reportedly largest ever seed funding round.
An additional 385mn roundfollowedin late 2023, bringing the companys valuation to about 2bn.
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It has also released multiple LLMs and struck partnerships with tech giants such asMicrosoftandAmazon.
Notably, Mistral has ushered in aboom periodfor FrenchAI.
At the time of writing Mistral hasnt provided an official statement on the funding round.
TNW has reached out to Mistral, DST Global, and General Catalyst for a comment.
One of the themes of this years TNW Conference is Venture: Show Me The Money.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
