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General Catalyst led a €600m Series B round in Mistral AI.

Synopsis

General Catalyst, a venture capital firm, led a €600m Series B round in Mistral AI, a French company selling artificial intelligence products, with participation from Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investment Corporation, Salesforce Ventures, Belfius, Bertelsmann Investment, BNP Paribas, Bpifrance, Cisco, Eurazeo, Headline, Hanwha Asset Management, IBM, Korelya Capital, Latitude, Millennium New Horizons, Sanabil Investments, ServiceNow and SV Angel. “I am delighted to see new and existing investors renew their confidence in our business and provide new support for its expansion. This new round puts us in a unique position to push the frontier of AI and bring state-of-the-art technology to everyone’s hands. It guarantees the company’s continued independence, which remains fully under the founders’ control,” Arthur Mensch, Mistral AI co-founder and CEO.

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