France's Mistral has almost tripled its valuation to €5.8bn with a €468mn equity funding round led by DST Global and General Catalyst, further solidifying its position as the European challenger to OpenAI.
The startup, founded just over a year ago, has secured significant funding rounds totaling €600mn, showcasing its rapid rise in the AI domain and its ability to attract strong investor interest.
Mistral's partnerships with tech giants like Microsoft and Amazon, coupled with its development of open-source large language models, have contributed to its rapid growth and potential as a key player in the European tech scene.
French President Emmanuel Macron has highlighted Mistral as a potential European tech giant that could rival the dominance of China and the US, emphasizing the importance of nurturing more prominent players in the continent's technology sector.
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