Mistral CEO Arthur Mensch said the company's 3 billion euro Series D would go toward building more infrastructure, including data centers, and renting out computing capacity, TechCrunch reported. French President Macron said the round reflected France and South Korea's goal of "building a third way in AI."
The company has positioned itself as a non-U.S., non-Chinese alternative. Its backers include Samsung, EQT's Scaleup Europe Fund, a16z, Nvidia and Salesforce Ventures, which complicates the sovereignty message.
Source: TechCrunch