Mistral CEO Arthur Mensch says the startup's annualized revenue run rate was “north of $400M”, up from $20M a year ago, and it is set to hit $1B ARR by 2026-end
French start-up is riding a growing wave of demand from European businesses for alternatives to US tech
Financial Times
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Discussion
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@paulbz
Paul Murphy
on x
Mistral's revenue numbers are impressive and growing insanely fast but the bit that's most exciting as an investor is the durability of this revenue. Mistral selects who they work with carefully to ensure they actually achieve AI transformation. [image]
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@christianmiele
Christian Miele
on x
Proud on our portfolio company @MistralAI and the exceptional @arthurmensch for driving change in Europe 💪🏻🔥
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@ramez
Ramez Naam
on x
France's Mistral makes almost as much money as Grok does.
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@paulbz
Paul Murphy
on x
Mistral has one of the best science teams in the world The untold story: insane eng + infra team led by co-founder Timothée Lacroix, shipping frontier models at eye-watering efficiency Now investing >€1bn to take this directly to customers [image]
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@nxt4eu
Nxt Eu
on x
Arthur Mensch, Mistral AI CEO: “In the US, it is a big market. Their strength is they can scale quickly. We need to think of Europe as a unified market, with enterprises buying European technology, with states buying European technologies.” [image]