Once upon a time, Mistral was Europe's buzziest tech company — raising a huge €105m seed round in 2023 to build generative AI models and compete with the likes of OpenAI.
But as the sector has matured, and we've seen application-focused AI startups like app maker Lovable and defence tech Helsing rise to the top of the hype pile, how is the Paris-based startup living up to its early promise?
The company has won some big clients, announced partnerships with giants like Nvidia and grown substantial annual revenues, but do they justify the $6bn valuation it landed in June last year?
On this episode of Startup Europe — the Sifted Podcast, senior reporter and French tech correspondent Daphné Leprince-Ringuet tells editor Amy Lewin what the company is focused on today, who it’s working with and whether she thinks it’s moving fast enough against ever-increasing competition.
