Mistral AI has announced a €600 million Series B funding round, co-led by General Catalyst. The company, known for its open-source AI initiatives, has garnered support from several prominent investors, including Lightspeed and a16z. Over the past year, Mistral AI has released seven top-ranking generative AI models, solidifying its position at the forefront of AI innovation. The funding will further enable Mistral AI to advance its mission of making frontier AI accessible to all. Co-founders Arthur Mensch, Guillaume Lample, and Thomas Lacroix have been instrumental in driving the company's success.