PARIS (Reuters) – French technology and artificial intelligence company Mistral AI has raised 105 million euros ($113.4 million) in just one month after its launch, the company said on Tuesday. A major global technology hub.
In addition to the rapid growth of the artificial intelligence (AI) field, this funding is a European company that wants to create rivals for Silicon Valley companies such as Open AI backed by Microsoft (MSFT.O) and DeepMind by Google (GOOGL.O). It highlights the intention of
Paris-based Mistral AI was founded by former META.O and Google artificial intelligence researchers Timothy Lacroix, Guillaume Lampre and Arthur Mensch.
“We are proud to start this global project from our home country of France and contribute at our level to the emergence of a credible new player in generative artificial intelligence from Europe,” said Mensch, President of Mistral AI. I will,” he said.
Mistral AI’s funding was led by international venture capital fund Lightspeed Venture Partners.
Businessmen Xavier Neil and Rodolphe Saad were also involved, as well as JCDecaux Holding (JCDX.PA), Italy’s Exor Ventures (EXOR.AS) and Belgian firm Sofina (SOF.BR). Former Google CEO Eric Schmidt is also a shareholder in Mistral AI.
Paris has traditionally lagged behind New York, California and London as technology hubs, but as Paris seeks to elevate its status as a global technology center, Mistral AI’s funding comes from French government minister Jean Praised by Mr. Noel Barrow.
“Bravo to Mistral AI, a start-up that raised €105 million in just one month after its launch. A RECORD!” Barrott wrote on Twitter.
(1 USD = 0.9264 EUR)
Reported by Sudip Kar-Gupta.Editing: David Evans and Leslie Adler
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