Mistral, the French generative AI underdog taking on US giants
Mistral AI has swiftly staked out a place as the great European hope contending with US giants dominating the sector.
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Named for a legendary chill wind that sweeps France's Mediterranean coast, Mistral raked in a 600-million-euro ($620 million) funding round last summer that was the largest of any French tech firm in 2024, according to consultancy KPMG.
The new investments brought the company's valuation to almost 6 billion euros.
Mistral was set up in April 2023 by Arthur Mensch, a graduate of France's prestigious Polytechnique engineering school with a mop of unruly dark hair who had previously worked at Google's DeepMind AI lab.
He was joined by two countrymen, Guillaume Lample and Timothee Lacroix, both former researchers for Facebook parent Meta.
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