June 11, 2024, 12:37 p.m. | Ioanna Lykiardopoulou

The Next Web thenextweb.com

France’s (and Europe’s) GenAI darling Mistral has reportedly almost tripled its valuation, reaching €5.8bn. First reported by Sifted and later confirmed by the Financial Times, the Paris-based startup has raised a €468mn equity funding round, led by DST global and existing investor General Catalyst. An additional €132mn in debt financing brings the total funding to €600mn. Mistral launched just a little over a year ago, but it has risen to prominence at an impressive rate. Its open-source and optimised multilingual …

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