In other AI funding news, market intelligence platform AlphaSense raised $650 million at a $4 billion valuation. The round was co-led by Viking Global Investors and BDT & MSD Partners, with participation from new investors including J.P. Morgan Growth Equity Partners and SoftBank Vision Fund 2. As part of the deal, AlphaSense acquired research startup Tegus for approximately $930 million. The New York-based startup uses AI and natural language processing to help clients form corporate and investment strategies. The company has now raised a total of $1.4 billion since its inception.
Key takeaways:
- Paris-based AI company Mistral AI has raised $500 million in equity and $140 million in debt, tripling its valuation to $6 billion.
- The funding round was led by General Catalyst and included investors such as Andreessen Horowitz, Nvidia, Samsung Venture Investment, Salesforce Ventures 1, and others.
- AI-driven market intelligence platform AlphaSense raised $650 million in funding at a $4 billion valuation, and acquired expert research startup Tegus for approximately $930 million.
- AlphaSense's funding round was co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl and Alkeon Capital, as well as existing investors CapitalG and Goldman Sachs Alternatives.