Analysis

June 21, 2023

See the pitch memo that raised €105m for four-week-old startup Mistral


Tim Smith and Amy Lewin

3 min read

Reactions were mixed when Paris-based AI startup Mistral raised a whopping €105m with no product, four weeks after launching and just days after hiring its first employees. Some heralded it as a big milestone for European tech — with top talent from Meta and Google returning home to launch a possible rival to the likes of 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

Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

Deeptech & AI

Deeptech & AI

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The people, companies and trends shaping European AI and deeptech.