Mistral AI, the French startup specializing in artificial intelligence, has announced the launch of its enterprise version of the “Le Chat” chatbot, which has led to significant revenue growth in a short period. According to the company’s CEO, Arthur Mensch, the company has tripled its revenue in the last 100 days, with particularly strong demand coming from Europe and regions outside the United States.
Founded just two years ago, Mistral AI is now valued at $6 billion, reflecting the rapid growth and innovation the company has brought to the field of artificial intelligence. In February, the company launched the open-source version of “Le Chat”, which gained popularity among small and medium-sized enterprises.
Following the success of the open-source version, the company decided to launch the enterprise version, which integrates with content management systems such as Microsoft SharePoint and Google Drive, enhancing companies’ ability to utilize the chatbot across various work environments.
“Le Chat” is not just an ordinary chatbot; it is an innovative solution capable of interacting with data and content within corporate systems with ease. Mistral AI aims to reduce its dependency on U.S.-based cloud providers by operating its own infrastructure, enabling customers to deploy “Le Chat” on their own cloud environments, thus giving them more control over their data and enhancing data privacy.
Recently, Mistral AI has attracted significant attention in Europe, as companies in the region increasingly focus on European solutions in artificial intelligence, especially amid the political tensions related to data sovereignty between the United States and Europe.
The company is working to expand its customer base in new markets, with a particular focus on providing innovative solutions that comply with European regulations.
The company continues to experience rapid growth, planning to expand particularly in European markets, and is enhancing its private cloud infrastructure operations. Mistral AI is also focused on growing its workforce, actively seeking to hire more staff across various departments to support its ongoing expansion
