AI startup Mistral AI completes $415 million financing, led by a16z and others

According to ChainCatcher, French artificial intelligence startup Mistral AI has completed a funding round worth €385 million (approximately $415 million) for the development of technology and open-source software. a16z and Lightspeed Venture Partners led the round, which was completed today.

Previously, Mistral completed a $113 million seed funding round, led by Lightspeed Venture Partners. The company's current valuation is approximately $2 billion. Mistral AI focuses on generative artificial intelligence tools, chatbot development, and customizable open-source technology. The company's goal is to offer products to the public in early 2024.