Mistral AI nears $2B valuation — less than 12 months after founding

Mistral AI, a French generative AI startup, is on the rise with a nearly $2B valuation less than a year after its founding. The company’s focus on building smaller language models for developers sets it apart from its competitors, targeting lower latency and costs. The recent funding round of about €450mn includes investments from Silicon Valley VC firm Andreessen Horowitz, Nvidia, and Salesforce. The startup’s approach aims to leverage proprietary data and differentiate itself in the competitive application market space.