Investing.com -- French artificial intelligence startup Mistral AI is reportedly in discussions to secure up to $1 billion in equity funding from multiple investors, including Abu Dhabi fund MGX.
According to a Bloomberg report on Tuesday, the company is also negotiating hundreds of millions of euros in debt financing from French lenders, including existing investor Bpifrance SACA.
The discussions remain preliminary and could change, with no clear indication yet of what Mistral’s valuation would be following such an investment.
If completed, this deal would strengthen connections between France and the United Arab Emirates in the artificial intelligence sector, an industry currently dominated by American and Chinese companies.
Mistral AI, founded in 2023, stands as Europe’s largest AI startup. The company has already raised more than €1 billion ($1.17 billion) since its inception, reaching a valuation of €5.8 billion after a funding round last year.
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