The Paris-based lab will use the funds to expand its API, enterprise sales, and open-weight research.
Mistral closed a $640M Series C at a $6B valuation, led by General Catalyst with participation from Lightspeed and Andreessen Horowitz.
CEO Arthur Mensch said the round will fund European GPU capacity, enterprise GTM, and continued investment in their open-weight research line — 'no daylight between the two' in his words.
General Catalyst led the round, with Lightspeed and Andreessen Horowitz participating. The $640M raise lands Mistral at a $6B post-money valuation.
CEO Arthur Mensch says capital will go to European GPU capacity, enterprise go-to-market, and continued investment in the open-weight research line — explicitly framed as a dual track, not a pivot.
Yes. Mensch reiterated that there is 'no daylight' between the commercial API line and the open-weight research line; both are funded by this round.