France's Mistral AI seeks funding at $5 bln valuation, The Information reports [Reuters]
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Source: Reuters
April 16 (Reuters) - French tech startup Mistral AI has been speaking to investors about raising several hundred million dollars at a valuation of $5 billion, The Information reported on Tuesday. It's unclear which investors Mistral has spoken to about a new funding round, the report said, citing a person with direct knowledge of the matter. Mistral's existing investors include Andreessen Horowitz, Lightspeed Ventures and Microsoft Corp (MSFT.O) New Tab , opens new tab , which has also backed AI startup OpenAI. Mistral did not immediately respond to a Reuters request for comment outside of regular business hours. In February, Microsoft invested $16 million in Mistral and partnered with them to make its artificial intelligence models available through its Azure cloud computing platform. The partnership provoked scrutiny from the European Union, with lawmakers demanding an investigation into what they see as a concentration of power by the technology giant. The startup, w
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