Andreessen-Horowitz and LightSpeed Ventures led a $414m round in Mistral AI.

Andreessen-Horowitz, a venture capital firm, and LightSpeed Ventures, a venture capital firm, led a $414m round in Mistral AI, a generative AI developer, with participation from Salesforce, BNP Paribas, General Catalyst, La Famiglia, Eric Schmidt, New Wave, Motier Ventures, and Sofina. The company said it aims to achieve frontier-level AI capacities in the coming months and build developer and enterprise-oriented products.