French artificial intelligence startup Mistral AI is finalizing 2 billion euro investment Bloomberg reported that it is valued at $14 billion in currency at $14 billion, positioning the company as one of Europe’s most valuable technology startups. this 2-year-old Openai rivalFounded by former DeepMind and Meta researchers, the open source language model and LE CHAT were developed, with its AI Chatbot built for European audiences.
Mistral did not comment on the report, but the round would represent Mistral’s first major salary increase since June 2024, at the time worth €5.8 billion. The company has previously raised more than 1 billion euros from prominent investors including Andreessen Horowitz and General Catalyst.
The investment is underway as European AI startups gain unprecedented momentum. According to the transaction room data Owning 12 European startups to achieve unicorn status In the first half of the year. Sweden’s cute, an AI encoding platform that has achieved this surge $1.8 billion valuation Just eight months after its release in July.
