PSG Equity has made an investment in Mistral AI, a European developer of large language models.
Headquartered in Paris, Mistral AI is a generative AI company. The company democratizes AI through cutting-edge open-source models, products and services, as well as end-to-end infrastructure with Mistral Compute.
The strategic partnership to help accelerate the creation and integration of verticalized LLMs and agentic AI tools within the product offering of PSG’s portfolio of 160 mid-market software companies, a statement read.
“Mistral AI represents exactly the kind of transformational technology platform we seek to partner with – a global AI leader with demonstrable competitive advantages and a sizeable market opportunity,” said Dany Rammal, managing director and head of Europe at PSG Equity, in a statement. “This strategic partnership will not only help drive meaningful AI transformation across our portfolio but also underscores our desire to support leading software and technology companies at the forefront of the European, as well as global, AI revolution.”