Europe's leading AI startup Mistral secures €3 billion in equity funding, setting a new record for equity financing among European tech companies.
1 hours ago
Beating AI News Flash: French AI company Mistral has completed a €3 billion Series D funding round, with a post-money valuation exceeding €21 billion. This is the largest equity financing for a European tech company to date. Samsung Electronics, Scaleup Europe Fund, and PSG Equity jointly led the investment. The funds will be primarily allocated to computing power and cutting-edge model research and development. Mistral will also expand its AI infrastructure. It focuses on "sovereign AI": enterprises can download open-weight models, run and customize them on their own servers, keeping data internal. When Mistral closed its Series C round last September, its post-money valuation stood at €11.7 billion. In less than a year, it has now surpassed €21 billion, a nearly 80% increase. Currently, Mistral says its business covers 20 countries, with over 125 global enterprise clients.
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