Mistral raises €3 billion in Series D at a valuation above €21 billion
Mistral raises €3B to make sovereign, open-weight AI the technology frontier
What happened
Mistral announced a €3 billion Series D at a post-money valuation above €21 billion, led by Samsung Electronics, with the Scaleup Europe Fund and PSG Equity as co-leads. The company calls it the largest equity financing ever raised by a European technology company. Proceeds will fund frontier research, compute, infrastructure, and commercial growth. Mistral operates in 20 countries and serves more than 125 global enterprises, including Airbus, ASML, and HSBC.
Why it matters
Mistral has raised the largest equity round for a European tech company, offering insight into its sovereign-AI full-stack strategy and investor lineup.
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