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June 10, 2024

Mistral closes €600m at €5.8bn valuation with new lead investor

The French startup last raised a €385m Series A just six months ago

Paris-based AI darling Mistral has closed a €468m equity funding round at a €5.8bn valuation, according to three sources with direct knowledge of the deal.

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

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