News

June 13, 2023

Meta and Deepmind alumni raise €105m seed round to build OpenAI rival Mistral

The company will be devoting a large chunk of the money towards compute power

Tim Smith

3 min read

Paris-based AI lab Mistral has come out of stealth mode today, announcing a €105m seed round led by US VC Lightspeed, as the company lays out its plans to build a European competitor to OpenAI. 

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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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