Paris-based Mistral AI, a platform specialising in generative artificial intelligence, announced that it has secured over €105M in a seed-stage round of funding. According to TC, the startup is currently valued at €240M.
The round was led by Lightspeed Venture Partners.
Antoine Moyroud, Partner at Lightspeed, says, “We believe that Europe has a decisive role to play in the AI field. As politicians and European leaders recognise the importance of their role in this new emerging world order, Europe must remain a fertile ground for innovation to uphold European values and further contribute to European digital sovereignty.”
“Our investment in Mistral, and all our portfolio companies in Europe, are evidence of our firm conviction that a new generation of global players will emerge from this ecosystem,” adds Moyroud.