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Arthur Mensch, CEO and Co-founder of Mistral AI said in an interview with Bloomberg that they are planning for an IPO.
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Mistral AI is a French AI company that was launched in 2023. It is considered a competitor of major Silicon Valley AI players like OpenAI’s GPT and Google’s Gemini.
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All Mistral AI models are open-source, allowing users to modify them according to their requirements. Trained on diverse data types, these models are highly accurate.
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Last year, Mistral AI reached a valuation of €5.8 billion after raising €600 million from investors such as General Catalyst, Andreessen Horowitz, and Lightspeed Venture Partners.
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Mensch said that the company is starting an office in Singapore to target the Asia-Pacific market. It is also planning to expand operations in Europe and the US.
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An IPO could become a turning point for Mistral AI, accelerating its growth and highlighting Europe’s AI capabilities globally.
Image source: Canva