Mistral AI SAS announced that it will raise ?450 million in a round of funding led by new investor Andreessen Horowitz LLC and returning investor, Lightspeed Ventures, LLC on December 4, 2023. The transaction also included participation from new investors Salesforce, Inc.,NVIDIA Corporation,General Catalyst Group Management, LLC,returning investors Bpifrance Investissement SAS and several others. The company will issue equity and convertible debt in the transaction.

The company will issue ?325 million in equity in the transaction. Andreessen Horowitz LLC will invest ?200 million in the transaction. Salesforce, Inc. and NVIDIA Corporation will invest ?120 million in convertible debt in the transaction.