All Updates

All Updates

icon
Filter
Funding
Mistral AI in talks to raise USD 600 million at USD 6 billion valuation
Generative AI Applications
May 9, 2024
This week:
Funding
GrayMatter Robotics raises USD 45 million in Series B funding to accelerate AI-powered robotics solutions
Smart Factory
Jun 20, 2024
Funding
Vecna Robotics raises USD 100 million in Series C funding; appoints new COO
Logistics Tech
Jun 20, 2024
Funding
Vecna Robotics raises USD 100 million in Series C funding; appoints new COO
Smart Factory
Jun 20, 2024
Funding
FairNow raises USD 3.5 million to advance AI governance solutions
Generative AI Infrastructure
Jun 20, 2024
Partnerships
Gravitics develops testing gauntlet for larger spacecraft in collaboration with NASA
Space Travel and Exploration Tech
Jun 20, 2024
M&A
knownwell acquires Alfie Health to integrate AI in primary and obesity care services
Telehealth
Jun 20, 2024
Funding
Pomelo Care raises USD 46 million in Series B funding to expand virtual maternal care
Telehealth
Jun 20, 2024
Funding
Isar Aerospace raises EUR 65 million, backed by NATO Innovation Fund
Space Travel and Exploration Tech
Jun 20, 2024
Product updates
Beyond Meat releases new Beyond Sausage, expanding its Beyond IV product line
Plant-based Meat
Jun 20, 2024
Product updates
Funding
SurrealDB raises USD 20 million in Series A; launches beta version of Surreal Cloud
Data Infrastructure & Analytics
Jun 20, 2024
Generative AI Applications

Generative AI Applications

May 9, 2024

Mistral AI in talks to raise USD 600 million at USD 6 billion valuation

Funding

  • Mistral AI, an open-source developer of foundation models, is reportedly in the process of raising funds at an estimated USD 6 billion valuation. This round is being pursued by several investors such as DST, General Catalyst, and Lightspeed Venture Partners, and anticipates raising close to USD 600 million.

  • This round, reportedly attracting significant inbound interest, has been in progress since March. Proceeds are planned to enhance Mistral's capabilities to compete against AI firms like OpenAI and Anthropic.

  • Analyst QuickTake: Despite being a young company, Mistral’s approach to open-source AI has pushed its valuation up from the USD 2 billion mark after its last round in December raising USD 415 million . It presently offers three LLM versions.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.