{"id":41571,"date":"2025-08-02T10:15:10","date_gmt":"2025-08-02T10:15:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/41571\/"},"modified":"2025-08-02T10:15:10","modified_gmt":"2025-08-02T10:15:10","slug":"mistral-in-talks-with-vc-firms-mgx-to-raise-funds-at-10-billion-valuation-ft-reports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/41571\/","title":{"rendered":"Mistral in talks with VC firms, MGX to raise funds at $10 billion valuation, FT reports"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -French artificial intelligence startup Mistral is in talks with investors, venture capital firms and Abu Dhabi&#8217;s MGX to raise $1 billion at a valuation of $10 billion, the Financial Times reported on Friday, citing people familiar with the matter.<\/p>\n<p class=\"yf-1090901\">The company launched in June Europe&#8217;s first AI reasoning model, which uses logical thinking to create a response, as it tries to keep pace with American and Chinese rivals at the forefront of AI development.<\/p>\n<p class=\"yf-1090901\">The funding would accelerate the commercial rollout of Mistral&#8217;s Le Chat chatbot and support continued development of its large language models, the report said.<\/p>\n<p class=\"yf-1090901\">MGX and Mistral did not immediately respond to Reuters requests for comment.<\/p>\n<p class=\"yf-1090901\">The startup raised 600 million euros in a Series B funding round that valued the company at 5.8 billion euros last year.<\/p>\n<p class=\"yf-1090901\">Industry observers consider Mistral as Europe&#8217;s best-positioned AI company to rival Silicon Valley leaders, though the French firm has yet to achieve comparable market traction or revenue scale.<\/p>\n<p class=\"yf-1090901\">Mistral counts Nvidia, Andreessen Horowitz and Lightspeed Venture Partners among its investors.<\/p>\n<p class=\"yf-1090901\">(Reporting by Akash Sriram in Bengaluru; Editing by Alan Barona)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -French artificial intelligence startup Mistral is in talks with investors, venture capital firms and Abu Dhabi&#8217;s MGX&hellip;\n","protected":false},"author":2,"featured_media":41572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,9359,276,277,49,48,29663,29662,5493,61,29661],"class_list":{"0":"post-41571","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-ai-company","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-ca","13":"tag-canada","14":"tag-logical-thinking","15":"tag-mgx","16":"tag-mistral","17":"tag-technology","18":"tag-venture-capital-firms"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/41571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=41571"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/41571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/41572"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=41571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=41571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=41571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}