According to a recent report, AI company Mistral is set to raise $533 million at a valuation of $5.3 billion.

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OpenAI rival Mistral has resumed conversations with potential investors about raising $533 million, a funding that will push its valuation to $5.3 billion.  Mistral Seek to Double its Valuation Securing this fund will help the French-based Artificial Intelligence (AI) firm double its valuation from its current level.

The names of investors that Mistral is currently engaging are yet to be disclosed to the public according to the Financial Times.

The funding round enjoyed participation from key venture capitalists like Andreessen Horowitz (a16z) and LightSpeed Ventures.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Funding Round AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-20 @ 08:47:24 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20730777

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Main Topics: Crypto

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