French AI Startup Mistral Talking to investors including Abu Dhabi’s MGX fund to talk to $ 1 billion in equity, report BloombergCiting people familiar with this matter.
Mistral is also talking to French lenders such as BPIFRANCE SACA, which according to Bloomberg to increase crores of euros in debt. Techcrunch has arrived for Mistral for comment.
Mistral, the manufacturer of Le Chat Chatbot, is one of the most important players in the European AI scenario, which is noted the open-weight LalmsThe startup raised $ 1.19 billion in a $ 6.51 billion post-money valuation, according to the pitchbook. Its last money was a series B in June 2024.
Mistral is already working with MGX-a government-backed $ 100 billion AI fund-and Nvidia to build Europe’s largest AI data center complex. The United Arab Emirates has committed to spend € 50 billion on AI projects in France, which is part of French President Emmanuel Macron’s push for AI sovereignty.
