French artificial intelligence (AI) startup Mistral AI has announced it raised €385 million ($415 million) in its latest funding round to go toward developing its technology and open-source software.

Andreessen Horowitz and the company’s initial backers, Lightspeed Ventures, led the round, which closed on Dec. 11. This follows a previous funding round earlier this summer through which Mistral raised $113 million in seed funding. The company is currently valued at around $2 billion.

Mistral AI focuses on open-source technology for generative AI tools, chatbot development and customizable features. It aims to make its products available to the general public in early 2024.

The company…

Read more on Cointelegraph