Mistral AI closes Series B funding round with €600M in equity and debt

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Mistral AI, a new entrant in the artificial intelligence space, has closed its much rumored Series B funding round led by General Catalyst, securing €600 million in a mix of equity and debt. The company is now valued at $6 billion following this funding round. Co-founded by Google's DeepMind and Meta alums, Mistral AI is working on foundational models to rival the best performing AI models today. It has also released pre-trained and fine-tuned models under open-source licenses and proprietary models for commercial use.

Keyword: Mistral AI, Series B funding, artificial intelligence, General Catalyst, equity, debt, valuatiion, DeepMind, Meta, foundational models, pre-trained models, fine-tuned models, open-source, proprietary models, API-first products, chat assistant, investors

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