Mistral AI, a Paris-based startup founded by alumni from Meta and Google DeepMind, has successfully raised a staggering $640 million in Series B funding led by General Catalyst. This funding round consists of $503 million in equity and $142 million in debt, resulting in a valuation of $6 billion just one year after its establishment. General Catalyst led the funding round, with support from numerous new and existing investors, demonstrating the market's immense confidence in Mistral's pursuit of cutting-edge AI technology. With the largest seed funding in European history of $113 million, Mistral AI has entered the competitive field of generative AI and is now prepared to compete globally with companies such as OpenAI and Anthropic. The startup has already released a series of pre-trained and fine-tuned models, including Mistral 7B, Mistral 8x7B, and Mistral 8x22B, all of which are open source. Mistral AI initially gained attention for its focus on open-source models and its ability to support multiple languages. With this new funding, the company plans to expand its computing capabilities and team size to accelerate its commercialization efforts in the global market. The Series B funding attracted numerous renowned investors, including Lightspeed Venture Partners, Andreessen Horowitz, NVIDIA, Samsung Venture Investment Corporation, and Salesforce Ventures. Mistral AI's significant progress in releasing foundational models over the past 18 months has been a key factor in attracting such a large-scale investment. With this injection of funds, Mistral AI's total funding amount has exceeded $1 billion. Arthur Mensch, CEO and co-founder of Mistral AI, expressed delight and confidence in the trust and support given by investors, ensuring the company's continued independence and driving the boundaries of AI technology. The latest funding round for Mistral AI highlights the strong interest in the AI field, which is currently experiencing rapid growth. With the market expected to reach $13 trillion in the next decade, investors are directing funds towards startups they believe will become major players in the industry. We look forward to seeing how Mistral AI utilizes this investment to push the boundaries of AI technology and bring the most advanced achievements to a wider audience.