Mistral, The French Ai Giant, Is Reportedly On The Cusp Of Securing A $14 Billion Valuation

French AI startup Mistral AI is finalizing a €2 cardinal investment astatine a post-money valuation of $14 billion, reports Bloomberg, positioning nan institution arsenic 1 of Europe’s astir valuable tech startups. The 2-year-old OpenAI rival, founded by erstwhile DeepMind and Meta researchers, develops unfastened root connection models and Le Chat, its AI chatbot built for European audiences.

Mistral isn’t commenting connected nan report, but nan information would correspond Mistral’s first awesome raise since June 2024, erstwhile it was weighted astatine €5.8 billion. The institution has antecedently raised complete €1 cardinal from salient investors including Andreessen Horowitz and General Catalyst.

The finance comes arsenic European AI startups summation unprecedented momentum. European AI companies secured 55% much year-on-year finance successful Q1 2025, according to Dealroom, with 12 European startups achieving unicorn status successful nan first half of nan year. Also starring this surge is Sweden’s Lovable, an AI coding level that reached a $1.8 cardinal valuation successful July conscionable 8 months aft its launch.