Eyebrows were raised after Paris-based AI startup Mistral raised €105m with no product, a mere four weeks after launching. While some welcomed the raise as a milestone for European tech, others saw it as sign of AI hype reaching a feverish peak.Most surprisingly, Mistral did not even use a pitch deck: in the style of Rippling and Airbase, the company raised millions with a simple memo written in Google Docs.Their pitch memo focuses on two main selling points: 1) that Europe has “yet to see the appearance of a serious contender” in building foundational models, and that Mistral will play a big role in this “major geopolitical issue”, and 2) embracing an open-source approach (unlike OpenAI's “black box” system) will make it easier for companies to build “better, faster” products. The company raised from notable investors including Lightspeed Ventures, French billionaire Xavier Niel and former Google CEO Eric Schmidt.
2023 • Seed
Mistral AI is assembling a world-class team to develop the best generative AI models, aiming to serve as a European counterpoint to US companies like OpenAI.
Winning pitch decks that have closed millions in investments for leading startups and billion-dollar unicorns.
Investors see 5,000 pitch decks per year. Will you stand out?
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence. Quantexa raised $129M in 2023 with this deck.
Teton reignites nurses' passion for patient care without being overworked, unprepared, and tedious administrative work. Teton AI raised 5.3M in 2023 with this deck.
Fetch. Fetch AI raised 40M in 2023 with this deck.
Supernormal is an AI platform that writes your meeting notes. Supernormal raised $10M in 2023 with this deck.
No spam. Up to 2 emails/mo – only the good stuff!