The new round would triple Mistral's valuation from just last December when it raised approximately $415 million that would value the company at $2 billion, per a Bloomberg report. That round was reportedly led by Andreessen Horowitz and included participation from General Catalyst, Lightspeed Venture Partners and Bpifrance. In addition, Mistral AI also has a number of strategic backers. Both Nvidia and Salesforce 1 reportedly contributed convertible debt to the December deal. In late February, it was announced Microsoft had invested about $16 million into the startup. Then in early March it was announced Databricks Ventures had invested an undisclosed amount. This is not the first time Mistral has wasted little time between raising rounds. The December raise came just six months after the startup ' which is developing an open-source large language model ' raised a seed round worth approximately $111 million led by Lightspeed Venture Partners. The first quarter saw $12.2 billion...
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