Mistral AI, which offers some open source AI models, has raised significant funding since its creation in 2023, with the ambition to “put frontier AI in the hands of everyone.”
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.
Mistral aims to start operating the data center by the second quarter of 2026.
Mistral’s new speech model can run on a smartwatch or a smartphone.
Mistral Forge lets enterprises train custom AI models from scratch on their own data, challenging rivals that rely on fine-tuning and retrieval-based approaches.
Mistral AI lands a partnership with Accenture, the consultant that has also recently announced partnerships with rivals OpenAI and Anthropic.
Mistral AI has agreed to buy Koyeb, a Paris-based startup that simplifies AI app deployment at scale and manages the infrastructure behind it.