French AI startup Mistral AI is finalizing a €2 billion funding at a post-money valuation of $14 billion, stories Bloomberg, positioning the corporate as considered one of Europe’s most precious tech startups. The 2-year-old OpenAI rival, based by former DeepMind and Meta researchers, develops open supply language fashions and Le Chat, its AI chatbot constructed for European audiences.
Mistral isn’t commenting on the report, however the spherical would signify Mistral’s first main elevate since June 2024, when it was valued at €5.8 billion. The corporate has beforehand raised over €1 billion from distinguished buyers, together with Andreessen Horowitz and Common Catalyst.
The funding comes as European AI startups achieve unprecedented momentum. European AI firms secured 55% extra year-on-year funding in Q1 2025, in accordance with Dealroom, with 12 European startups reaching unicorn standing within the first half of the 12 months. Additionally main this surge is Sweden’s Lovable, an AI coding platform that reached a $1.8 billion valuation in July simply eight months after its launch.
