Mistral AI completes $640 million Series B financing from a16z and others

Mistral AI announced the completion of a €600 million (~ $640 million) Series B funding round led by General Catalyst, Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance (through its Digital Venture Fund), Cisco, Eurazeo, Headlines, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow, SV Angel, Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Ventures, and Salesforce Ventures. Mistral AI currently competes with OpenAI, Anthropic, and others, and has released pre-trained and fine-tuned models under an open-source license with open weights.