On June 11, 2024, Mistral AI SAS closed the transaction. The company has amended the terms of the transaction. The company has received its second and final tranche, bringing the total gross proceeds raised in the transaction to ?600 million.

The transaction was co-led by new investor DST Global and returning investor General Catalyst Group Management, LLC, and included participation from new investors Belfius Bank SA/NV, Bertelsmann Investments, Eurazeo SE, Hanwha Asset Management Co. Ltd., International Business Machines Corporation, Korelya Capital SAS, Millennium New Horizons I, L.P., a fund managed by Millennium TVP Management Company, LLC, Samsung Venture Investment Corporation, Sanabil Investments, Salesforce Ventures, LLC, ServiceNow, Inc., SV Angel, and retuning investors Lightspeed Ventures, LLC, Latitude, a fund managed by Localglobe, Fonds Ambition Numérique, a fund managed by Bpifrance Investissement SAS, Andreessen Horowitz LLC, BNP Paribas SA, Headline, NVIDIA Corporation, and Sofina Société Anonyme. The transaction includes ?468 million in equity and ?132 million in debt.

The company has raised a total funding of about ?1,100 million till date. The round is raised at post money valuation of ?5,800 million.