Mistral co-founders pump €6M into AI simulation startup NP Company
The French AI leaders back NP Company hours after its acquisition.
Deep Dive
Vienna-based early-stage VC Speedinvest has closed its oversubscribed fourth early-stage fund, Speedinvest 4, at €350 million, bringing its total assets under management to over €1 billion. The fund has backed companies like Wayflyer and GoStudent.
Key Points
- Mistral AI co-founders personally invested €6M in NP Company following the startup's acquisition
- NP Company builds deep neural network solvers for physics simulation, claiming up to 100x speedup
- Mistral's leaders are diversifying into scientific AI, a market forecast to hit $8B by 2027
Why It Matters
Top AI founders betting personal capital on simulation hints at convergence of LLMs and physics-based AI.