French AI start-up Mistral AI raises 385 mn euros

Paris: French artificial intelligence start-up Mistral AI announced Sunday it had raised 385 million euros ($414 million), becoming one of Europe’s two AI leaders.

Founded in May by industry heavyweights, Mistral had already raised 105 million euros in June.

Among European AI firms, only Germany’s Aleph Alpha has brought in as much funding, raising nearly 500 million euros in early November.