Mistral AI, a new artificial intelligence (AI) startup, has raised $113 million in a seed funding round.
Mistral AI, an artificial intelligence startup created by former Meta and Google researchers, has raised $113 million in funding in a seed funding round, raising its valuation to $260 million just two months after its launch. Former AI researchers, who previously worked at Google Deep Mind and Meta, founded Mistral AI in May 2023 to develop open source generative AI models.
Former Meta and Google Researchers Are Among The Founders Of The Company
Co-founder and CEO of the company Arthur Menschstated that the first round of funding will provide the resources they need to start delivering a productive AI model.
Before Mensch founded Mistral AI Google Deep Mind He was working as a research scientist. The other two co-founders Timothee LacroixAnd Guillaume Lamplewere working at Facebook AI as research engineers and research scientists, respectively.
Lightspeed Venture PartnersInvestment companies such as JCDecaux, Rodolphe Saade and Motier Ventures also participated in the financing round managed by
OpenAI The company, which aims to become a competitor, is currently in the recruitment process. The company, which will be managed from Paris and plans to launch the first artificial intelligence models in 2024, continues its search for artificial intelligence researchers, software engineers and product developers.
Recently, OpenAI CEO Sam Altman, President of South Korea Yoon Sui Yeoland urged the country to lead the production of the chips needed for artificial intelligence technology.
OpenAI currently uses chips from Taiwan, but Altman is in the future South Koreaannounced that an alternative chip supply may be needed from .
