French AI company Mistral hits $24 billion valuation in funding round
The French startup said the capital will expand frontier research and computing infrastructure as it seeks a sovereign alternative to U.S. AI rivals.
- French artificial intelligence startup Mistral AI closed a €3 billion Series D funding round, raising its valuation to over €21 billion .
- The funding round was led by Samsung Electronics alongside the Scaleup Europe Fund and PSG Equity, with participation from Nvidia, ASML, BlackRock, and the Grand Duchy of Luxembourg.
- The transaction marks the largest single private equity fundraising round ever completed by a European technology company, nearly doubling Mistral's valuation from a year prior.
- Executive leadership confirmed the new capital will support frontier research, global enterprise expansion, and plans to build up to 1 gigawatt of proprietary computing infrastructure in Europe by 2030.
- Mistral continues to position itself as Europe's premier "sovereign AI" developer, projecting its annual recurring revenue will reach $1 billion by the end of 2026.
199 Articles
199 Articles
The French company Mistral AI, considered Europe's biggest hope in artificial intelligence, has raised three billion euros in a new investment round. This is equivalent to 73 billion crowns. Its value has increased to more than 21 billion euros, or 508 billion crowns; it is the largest capital financing of a private technology company in European history. The main investors are South Korean giant Samsung, the Scaleup Europe fund supported by the…
Westfalenpost
Companies rely on open AI models and present themselves as a counter-project to US corporations. Investor: "Rejoice for Europe.
Companies rely on open AI models and present themselves as a counter-project to US corporations. Investor: "Rejoice for Europe.
Paris-based Mistral, with the help of electronics giant Samsung, is raising the largest amount of money ever secured by a private technology company in Europe, aiming to strengthen Europe's position in artificial intelligence.
The French artificial intelligence startup has just completed the largest funding round in its history: €3 billion. Now valued at €21 billion, Mistral AI aims to move beyond artificial intelligence models and invest heavily in the infrastructure that powers them. This industrial transformation should also allow it to reduce its dependence on American giants.
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