Mistral raises €3B to make sovereign, open-weight AI the technology frontier
Summary
European open-weight AI company Mistral has raised a €3 billion Series D funding round led by Samsung Electronics, reaching a valuation of €21 billion.
Key Points
- Within three years of its founding, the company secured €3 billion in Series D funding—the largest in European tech history—at a valuation exceeding €21 billion.
- Samsung Electronics led the round, with participation from EQT's Scaleup Europe Fund, existing investor PSG Equity, and others.
- Mistral plans to use the funds to expand frontier research, scale training compute capacity, and accelerate infrastructure and the supply of sovereign AI to global enterprises.
Notable Quotes & Details
Notable Data / Quotes
- €3 billion
- more than €21 billion
- 20 countries
- 125+ global enterprises
Intended Audience
AI industry professionals, IT venture investors, and enterprise IT decision-makers