Mistral AI: Promising French Startup

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What is Mistral AI? Everything to know about the OpenAI competitor | TechCrunch

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French startup Mistral AI is one of France ’s most promising tech startups.

Le Chat , its alternative to ChatGPT, chat assistant, is now available on iOS and Android .

It reached 1 million downloads in the two weeks following its mobile release, even grabbing France 's top spot for free downloads on the iOS App Store .

Mistral AI has raised around 1 billion in capital to date, approximately $1.04 billion at the current exchange rate.

In June 2023 , it raised a record $112 million seed round led by Lightspeed Venture Partners .

Six months later , it closed a Series A of 385 million ( $415 million at the time), at a reported valuation of $2 billion .

The long-rumored round was led by General Catalyst at a $6 billion valuation.

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