OpenAI Board Chair Raises $350M, Mistral AI Nears $14B Valuation

The artificial intelligence sector continues its rapid expansion, with significant funding rounds and strategic shifts across various companies. French AI startup Mistral AI is reportedly nearing a $14 billion valuation following a substantial new investment, positioning itself as a European contender against giants like OpenAI and Anthropic. Mistral, founded by former researchers from Google DeepMind and Meta, develops open-source language models and a chatbot named 'Le Chat' for European users. This follows earlier investments and a June 2024 valuation of $5.8 billion. Meanwhile, Bret Taylor, chairman of OpenAI's board and former co-CEO of Salesforce, has secured $350 million for his AI startup Sierra, achieving a $10 billion valuation. Sierra focuses on AI agents for customer service tasks. In the realm of AI-driven infrastructure and services, Teradyne reports a revenue surge driven by demand for AI semiconductor testing, exceeding expectations with its Semiconductor Test segment. Autodesk also sees its Q2 revenue grow, accelerating its cloud-AI strategy, particularly in AI data centers and the AECO sectors. PagerDuty announces $123 million in Q2 revenue and achieves GAAP profitability, emphasizing AI adoption and a transition to a usage-based pricing model. SentinelOne, a cybersecurity firm focused on AI, is noted for its growth despite being potentially overlooked by investors. Dispatch raises $18 million for its AI agents in wealth management, serving firms managing over $1 trillion in assets. In healthcare, AI firm XiFin receives new investment to enhance its AI-enabled revenue cycle management platform, while Enveda Biosciences uses AI for natural product drug discovery, advancing candidates with a $150 million Series C funding. On a national level, South Korea plans a significant $350 billion investment in the U.S. for AI, tech, and energy, alongside domestic AI development. In contrast, eGain plans to sunset its messaging products to focus resources on AI knowledge solutions, projecting growth in AI knowledge ARR.

Key Takeaways

• Mistral AI is nearing a $14 billion valuation with a new 2 billion investment, positioning itself as a major European AI player.
• Bret Taylor's AI startup Sierra has secured $350 million, reaching a $10 billion valuation for its AI agents in customer service.
• Teradyne's revenue surged to $652 million in Q2 2025, driven by high demand for AI semiconductor testing solutions.
• Autodesk reported $1.76 billion in Q2 revenue, accelerating its cloud-AI strategy, with growth in AI data centers.
• PagerDuty achieved $123 million in Q2 revenue and GAAP profitability, focusing on AI adoption and a new pricing model.
• South Korea announced a $350 billion non-binding investment in the U.S. for AI, tech, and energy sectors.
• Dispatch raised $18 million for its AI agents in wealth management, serving firms managing over $1 trillion in assets.
• Enveda Biosciences secured $150 million in Series C funding for its AI-powered natural product drug discovery platform.
• eGain plans to discontinue messaging products to focus on AI knowledge solutions, expecting growth in AI knowledge ARR.
• SentinelOne's AI-driven cybersecurity solutions are noted for their growth, though the stock may be overlooked by investors.

Mistral AI nears $14 billion valuation with new funding

French AI startup Mistral is finalizing a 2 billion investment that would value the company at 12 billion, or about $14 billion. This funding round solidifies Mistral's position as one of Europe's most valuable tech startups. The company, founded in 2023 by former DeepMind researcher Arthur Mensch and ex-Meta researchers, develops open-source language models and a chatbot called Le Chat for European users. This is Mistral's first major fundraising since June 2024, when it was valued at 5.8 billion.

French AI startup Mistral aims for $14 billion valuation

French AI startup Mistral is reportedly close to securing a $14 billion valuation after a new funding round. The company, founded by former DeepMind and Meta researchers, develops open-source language models and an AI chatbot named Le Chat for European users. This investment would mark Mistral's first major fundraising since June 2024, when it was valued at 5.8 billion. The company has previously raised over 1 billion from investors like Andreessen Horowitz and General Catalyst.

Mistral AI seeks 2 billion in new funding

French AI startup Mistral AI is nearing the end of negotiations for a 2 billion investment that would value the company at 12 billion. Founded in 2023 by former Google DeepMind researchers, Mistral is seen as a European competitor to OpenAI and Anthropic. The company has developed open-source language models and a chatbot named 'Le Chat' for European users. This new funding follows a June 2024 investment round where Mistral was valued at 5.8 billion.

eGain plans to sunset messaging products, focus on AI

eGain reported $23.2 million in Q4 revenue, with a 25% increase in AI knowledge ARR. The company plans to stop offering messaging products in fiscal year 2026, which will impact ARR by $4.7 million. This move aims to focus resources on higher-return AI knowledge solutions. eGain also announced a strategic partnership with JPMorgan and provided guidance for FY26, expecting $90.5-92 million in revenue and a gross margin of 74-75%. The company is emphasizing growth driven by AI.

PagerDuty reports Q2 revenue of $123M, eyes AI growth

PagerDuty announced $123 million in Q2 revenue, a 6% increase year-over-year, and achieved GAAP profitability for the first time. The company's Annual Recurring Revenue (ARR) reached $499 million, though growth was impacted by customer churn and optimization. PagerDuty is transitioning to a usage-based pricing model to offset these challenges and aims to expand margins. The company is also focusing on AI adoption, with AI-native companies contributing 2% of ARR and over 50% of Fortune 50 companies using its platform.

SentinelOne stock overlooked despite AI cybersecurity growth

SentinelOne, a cybersecurity company focused on cloud and AI, has seen its stock rally recently. Despite strong growth, the company is often overlooked by investors. SentinelOne's AI-driven solutions are key to its strategy in the cybersecurity market. The article suggests that the stock may be undervalued given its performance and focus on emerging technologies.

Bret Taylor's Sierra AI startup valued at $10 billion

Bret Taylor, chairman of OpenAI's board and former co-CEO of Salesforce, has raised $350 million for his AI startup Sierra, reaching a $10 billion valuation. Sierra develops and implements AI agents for customer service, which help users with tasks like refinancing homes or ordering food. The company's valuation has more than doubled since its last funding round in October. Sierra plans to use the new funds to invest in its platform and expand domestically and internationally.

Teradyne's AI semiconductor testing drives revenue surge

Teradyne reported Q2 2025 revenue of $652 million, exceeding expectations due to high demand for AI semiconductor testing. The Semiconductor Test segment generated $492 million, driven by AI-specific System-on-a-Chip solutions. The company provided Q3 2025 revenue guidance of $710 million to $770 million and announced a $1 billion shareholder return plan by 2026. Teradyne is focusing on silicon photonics and electro-optical test solutions to capitalize on AI workloads.

Dispatch raises $18 million for AI agents in wealth management

WealthTech company Dispatch has raised $18 million in a Series A funding round to advance its AI-driven data orchestration and agentic workflows. The company provides intelligent automation services to wealth management firms, helping them streamline tasks like client onboarding and data reconciliation. Dispatch has seen rapid adoption, serving firms managing over $1 trillion in assets, including Mariner and Sanctuary Wealth. The funding will support investments in its platform and AI capabilities.

Autodesk's Q2 revenue grows, cloud-AI strategy accelerates

Autodesk reported Q2 revenue of $1.76 billion, a 16.4% increase year-over-year, driven by demand in AI data centers and the AECO sectors. The company's cloud strategy is accelerating through integrations like the GoFormz-Autodesk Construction Cloud partnership. Analysts project an 11.4% CAGR, potentially reaching $8.8 billion in revenue by 2028. Autodesk is focusing on scaling AI-driven innovations and optimizing operations, though execution risks remain.

South Korea invests $350B in US for AI, tech, and energy

South Korea announced a $350 billion non-binding investment in the United States, focusing on semiconductors, shipbuilding, and green energy to strengthen supply chains and counter China. The investment, primarily through loans, aims to foster technological collaboration, particularly in AI. South Korea is also dedicating $7.26 billion domestically to AI development and creating strategic partnerships with the EU on AI standards. This initiative positions South Korea as a key player in global tech and energy sectors.

Enveda uses AI for natural product drug discovery

Enveda Biosciences is using its AI-powered metabolomics platform to speed up the discovery of drugs from natural products, aiming for a market projected to reach $8.53 billion by 2030. The company has secured $150 million in Series C funding and has advanced 10 development candidates. Strategic partnerships, including one with Sanofi, and positive clinical progress highlight Enveda's competitive position. Natural compounds often have higher clinical success rates, and Enveda's specialized AI focus helps it navigate this growing field.

AI healthcare firm XiFin receives new investment

XiFin, a company specializing in AI-enhanced revenue cycle management (RCM) and billing solutions for healthcare, has received a new growth capital investment. The funding, led by Goldman Sachs' External Investing Group, will support XiFin's continued growth and development of its AI-enabled XiFin Empower platform. This platform helps healthcare organizations improve operational efficiency, financial performance, and patient engagement. Jeff Margolis, a healthcare IT innovator, has also joined XiFin's Board of Directors.

Sources

• Mistral Set for $14 Billion Valuation With New Funding Round
• Mistral, the French AI giant, is reportedly on the cusp of securing a $14 billion valuation
• Mistral AI (hereinafter referred to as Mistral), a leading artificial intelligence (AI) startup in F..
• eGain's 2025 Q4 Earnings Call: Contradictions Emerge on Messaging Product Sunset, AI Focus, and Services Margin Strategy
• PagerDuty's Q2 2026 Earnings Call: Contradictions Emerge on Sales Execution, AI Adoption, Pricing Strategy, and Usage-Based Pricing Transition
• SentinelOne Stock: Ignored AI Cybersecurity Play (NYSE:S)
• Ex-Salesforce co-CEO Bret Taylor's Sierra is the latest $10 billion AI startup
• Teradyne’s AI-Driven Semiconductor Testing Surge Outpaces 286th Trading Rank as Shares Dip 0.2%
• Dispatch Raises $18 Million to Bring AI Agents to Wealth Management
• Autodesk's $610M Trading Volume Ranks 153rd as Q2 Revenue Jumps and Cloud-AI Strategy Gains Momentum
• South Korea’s $350 Billion Strategic US Investment and Implications for AI and Tech Sectors
• Enveda’s Strategic Position in the AI-Driven Natural Product Drug Discovery Revolution
• AI and RCM Leader XiFin Receives New Investment, Appoints Jeff Margolis to Board