Mistral raises €3B to make sovereign, open-weight AI the technology frontier
Summary
European open-weight AI company Mistral has raised €3 billion in a Series D funding round led by Samsung Electronics and others, marking the largest funding round in the history of European tech companies.
Key Points
- Mistral raised €3 billion in a Series D round—the largest funding round in the history of European tech companies—at a post-money valuation of more than €21 billion.
- The round was led by Samsung Electronics, with Scaleup Europe Fund managed by EQT and existing investor PSG Equity participating as co-leads.
- The funds will be used to expand frontier research, scale compute capacity and infrastructure for training powerful models, and drive global commercial growth.
- Focusing on building full-stack, open-weight sovereign AI that guarantees independence across four dimensions: data, model control, private compute, and auditable systems.
Notable Quotes & Details
Notable Data / Quotes
- €3 billion Series D funding
- post-money valuation of more than €21 billion
- the largest equity fundraising round ever completed by a European technology company
- 20 countries and supports 125+ global enterprises
- Airbus, ASML, and HSBC
Intended Audience
Global IT and AI industry professionals, venture capital and tech investors, and enterprise executives considering AI adoption