Mistral AI Secures $640 Million, Boosting Valuation to $6 Billion

The French startup's funding round, led by General Catalyst, positions it as a key player in the AI landscape, challenging major U.S. competitors.

Mistral AI's valuation has surged from $2 billion to $6 billion in six months.
The funding round includes contributions from notable investors like Nvidia, IBM, and Cisco.
Mistral AI is developing both open-source and proprietary AI models for various applications.
The company aims to expand its global presence, particularly in the U.S., and increase computing capacity.
European regulators are scrutinizing Mistral's partnerships due to potential market concentration concerns.