Mistral AI acquires Pimento and continues its ascent towards business applications
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Mistral AI is acquiring Pimento, the French startup founded by Florent Facq and Tomás Yany, specializing in AI-assisted advertising creation. After Koyeb in infrastructure and Emmi AI in industrial engineering, this new operation brings Mistral into another application domain, that of marketing and creation. It comes less than two weeks after a 3 billion euro fundraising round that gives the French group the means to accelerate its external growth strategy. At first glance, Pimento might seem far from Mistral AI's historical core. The Parisian startup does not develop foundation models or operate computing infrastructure, but builds software for marketing teams, capable of producing advertising creatives from a brief, a brand's identity, and now, the performance of its campaigns. This is precisely what makes the operation interesting; three years after its creation, Mistral is no longer just seeking to develop models on which other publishers will build their applications. The group is gradually moving down the value chain, to the workflows actually used in businesses. Pimento is expected to be Mistral AI's third known acquisition. Last February, the French group concluded an agreement to acquire Koyeb, a French specialist in serverless infrastructure. The company and its team are gradually to become a component of Mistral Compute, notably with inference capabilities...
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