The French company behind AI Assistant Le Chat and several basic models is formally considered one of France’s most enthusiastic tech startup and is allegedly the only European company that can compete with Open AI. But compared to its billion 6 billion, its global market share is still relatively low.
However, the recent launch of his chat assistant at mobile app stores received some hype, especially in his home country. In a TV interview before the AI ​​Action Summit in Paris, French President Emmanuel Macron said, “Op and Download Le Chat, made by Open, made by Mistal instead of Chat GPT – or anything else.”
Although this wave of attention may be encouraging, the wrong porn A still faces challenges to counter the likes of Open-and keeping it as “the world’s green and well-known independent AI lab”.
What is Mr. AI?
Mysterol AI has increased the funds with the ambitions of “keeping Frontier AI in the hands of everyone” since its creation in 2023. Although it is not a direct jaw in Openi, the purpose of this slogan is to highlight the advocacy of the openness company in AI.
Chat GPT, Chat Assistant Le Chat’s replacement is now available on iOS and Android. He reached one million downloads in two weeks after his mobile release, even caught the French top spot for free download at the iOS App Store.
It also comes in addition to a suit of wrong AI models, which includes:
In March 2025, the company introduced Mr. OCR, which is the Identification of Optical Character (OCR) API, which can convert any PDF into a text file to make AI models easier.
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Who are the founders of the wrong AI?
Three founders of Mysterol AI share a background in AI research with major US tech companies with key operations in Paris. CEO Arthur Manish was working in Google’s Deep Mind, while CTO Timothy Luckrox and Chief Scientist Officer Gallom Lampel are former Meta Meta staff.
The co -founder advisers include Jean Charles Samueline View (also a board member) and Charles Governor from Health Insurance Startup Allen, as well as former Minister of Digital Minister Cadrek O, who Due to the conflict Because of its previous role.
Are Mr. AI’s models open source?
Not all of them. Mr.l AI distinguishes its premiere models, of which Weight For commercial purposes, its free models are not available, for which it provides weight access under Apache 2.0 license.
Free models include research models, such as Mr. Nemine, which was built in partnership with NVIDIA Open In July 2024.
How does the misunderstanding AI make money?
Although many of Mr AI’s offerings are free or now they have free levels, the wrong AI plans to receive some tax from Lee Chat’s salaries. Introduced in February 2025, Lee Chat’s Pro Plan price in a month. 14.99.
Fully monitors its premiere models through APIs, fully by B2B, Mr. Enterprises can also license these models, and the company potentially produces an important part of its income from its strategic partnership, some of which highlighted during the Paris AI summit.
According to several sources, overall, overall, the income of the wrong AI is in the eight digit limit.
Which contribution has the wrong AI closed?
In 2024, Mysterol AI signed an agreement with Microsoft, including a strategic partnership for distributing its AI models through Microsoft’s Ezore Platform and investing $ 15 million. The British Competition and the Markets Authority (CMA) quickly concluded that the contract was not eligible to investigate because of its small size. However, he gave birth to something Criticism In eu
In January 2025, Mr. AI signed an agreement with the Press Agency Agency France Press (AFP) to give Chat to the entire AFP text archive in 1983.
Mr. AI also received a strategic partnership with France Army And Job agencyFor, for, for,. Shipping Giant CMAGerman Defense Tech Startup HeelsingFor, for, for,. IbmFor, for, for,. orangeAnd steellantis.
How much financial support has been raised so far?
By February 2025, Mr. AI has increased the capital of about $ 1 billion to date, which is about $ 1.0 1.04 billion at the current exchange rate. This includes some loans, as well as nearly the Equity Financing Round.
In June 2023, and before it also released its first models, Mr. AI increased the record of $ 112 million seeds, headed by Light Speed ​​Venture Partners. Sources of the time said badge – Europe’s largest so far -The old start of the time of the time is 0 260 million.
Other investors in this badge round include BPFus, Eric Schmidt, Ex -Ventures, first -minute Capital, Headline, JC Decox Holding, La Femgelia, Local Globe, Motor Ventures, Rudolfi Saada, Sofina, and Zavar Neil.
Just six months later, it closed a series of 385 million ($ 415 million), according to a $ 2 billion reported price. The era was led by Anderson Horwiots (A16Z), with the current baker lights speed as well as BNP Prabas, CMA-CGM, Penalty, Eld Gul, General Catalist, and Sales Force.
Microsoft introduced a $ 16.3 million reputation investment, which was made in Mysterol AI as part of his contribution in February 2024, as a series of an extension, which means the price of a change.
In June 2024, Mr. AI then collected 600 million Million in equity and debt (about $ 640 million at the current exchange rate). The long rumor was led by General Catalist on a $ 6 billion diagnosis, including Cisco, IBM, NVIDIA, Samsung Venture Investment Corporation, and others.
Can a misunderstanding look like AI exit?
Mistles “are not for sale,” said Mentch in January 2025 at the World Economic Forum in Davos in January 2025. “Of course, (is an IPO) plan.”
This makes it understood how much has begun so far: Even a large sale cannot provide such a multiplication for its investors, not to mention the concerns of sovereignty depending on the recipient.
However, certainly the only way to squash rumors of acquisition is to increase its income to a level that can justify its approximately $ 6 billion diagnosis. In any way, keep in touch.
This story was originally published on February 28, 2025 and will be updated regularly.