French AI startup Mistral AI completes 600 million euros in Series B funding, led by General Catalyst

ChainCatcher news, French artificial intelligence startup Mistral AI has completed a €600 million (approximately $640 million) Series B funding round, led by General Catalyst, with other investors including Lightspeed Venture Partners, a16z, NVIDIA, Samsung Ventures, Salesforce Ventures, Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance, Cisco, Eurazeo, Headline, Hanwha Asset Management Venture Fund, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow, and SV Angel.

It is reported that Mistral AI was founded by former researchers from DeepMind and Meta, competing with OpenAI and Google to develop generative artificial intelligence infrastructure. Last December, Mistral AI announced the completion of a €385 million ($415 million) funding round, led by a16z and Lightspeed Ventures, bringing the company's valuation to $2 billion.