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The beginning of Europe’s most famous artificial intelligence, Mistral AI, this year has signed new contracts worth $ 1 million in a business that can help a potential $ 1 billion.
Paris based Mistral Strong competition from the US and Chinese opponents, but begin to take advantage of a European point to create regional champions.
According to people who are familiar with their finance, his income has increased several times Last financing round If it protects the speed of sales a year ago and the first time it is on the way to pass $ 100 million a year.
A relatively small number of customers manage most of this growth. The Mistral, each of the three to five years each has at least 100 mln.
Donald Trump returned to the White House because corporate, public sector and defense clients are increasingly looking for an alternative to US technological companies outside the United States.
“There are many European companies who want to reduce the dependence of US providers … There is a growing demand for more strategic autonomy,” said Arthur Mensch, CEO of the Mistral last month.
This argued about 6 billion euros appreciated Last financing round A year ago, starting from a large data center outside Paris, to start an ambitious program to expand the AI infrastructure, as well as cooperation with the collaboration with Abu Dhabi-based technological and investment groups G42 and MGX.
To finance these efforts, the company – has gained more than $ 1 billion since the establishment of two years ago – to increase to $ 1 billion for people who are familiar with the issue. Potential investors began to play, although it is unlikely to begin a more formal fund collection process by the end of this year.
Mistral refused to comment on financial performance or financing plans.
Three past meta and Google Deprmind researchers are far from our opponents such as Openai and anthropic, which supported NVIDIA, which supports NVIDIA.
Mistral, customers can check and customize for their own applications, and “Open” AI models that will be able to face DeepSeek and Meta Llama.
However, Trump Management and Tensions between Europe – a dream of countries around the world, as well as a desire for its AI infrastructure, can be a bet for the people who have only ten million dollars income.
The latest contracts are modeled on the French shipping and logistics group CMA CGM on the 100 million euros. In April, the CMA CGM Boss Rodolphe Saadé said they would work together in Bespoke AI systems in April.
The Mistral, who is about 250 employees, has significantly expanded the trade team in recent months. This is a similar sales model, which best accommodates the AI in their work, a similar sales model, which works as a “Solution Memar”, which works as consultants with consultants.
This means a typical enterprise program a longer selling process than contract, but with a larger potential award.
BNP Paribas, AXA, Stellantis and Veolia are among the current customers of the Mistral. There is also a partnership with European defense technology startup Helsing.
“Sovereignty is not our main business and a global company,” Mensch said in May. “But our last 100 days have increased by our work, especially in Europe and the United States.”
