Mistral AI closes $640 million Series B funding round backed by a16z and others

Mistral AI announced the closing of a €600 million ($640 million) Series B funding round led by General Catalyst, with Belfius, Bertelsmann Investments, BNP Paribas, Bpifrance (through its Digital Ventures Fund), Cisco, Eurazeo, Headline, 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, whose current competitors include OpenAI, Anthropic, and others, has released pre-trained and fine-tuned models under an open source license with open weights.