ChainCatcher news, according to Bloomberg, during the last cryptocurrency bull market, a handful of investment firms raised massive digital asset funds worth at least $1 billion, sparking optimism and hype around blockchain.However, the downturn in cryptocurrency has posed significant challenges for these investors, as the industry's market value has evaporated by trillions of dollars amid the chaos. Venture capitalists have drastically tightened their investments, with funding for cryptocurrency startups dropping to $9.5 billion last year, less than a third of 2022's total.Now, with Bitcoin prices hitting all-time highs and new funding deals for startups signaling a recovery in the cryptocurrency industry, Andreessen Horowitz, Haun Ventures, Electric Capital, and Hivemind Capital Partners are still fully invested in cryptocurrency. Paradigm faced backlash last year for removing cryptocurrency content due to a temporary website update, but it is reportedly raising a new fund, and the company declined to comment for this article.

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.