Samsung in Talks to Invest in Mistral at $23 Billion Valuation
The fundraising round could value Mistral at about €20 billion as Samsung weighs a larger push into European artificial intelligence, Reuters reported.
- On Wednesday, South Korea's Samsung entered talks to invest roughly €1 billion in French AI startup Mistral as part of a fundraising round valuing the group at roughly €20 billion, the Financial Times reported.
- Microsoft recently announced a "multibillion-dollar commitment" to Mistral's computing infrastructure, bolstering European AI autonomy after the Trump administration blocked foreign access to advanced models from San Francisco-based Anthropic.
- Swedish investor EQT's Scaleup Europe Fund, backed by Brussels, is also in discussions to join the fundraising round, building on Mistral's $830 million debt financing in March for a data centre in Bruyeres-le-Chatel, Paris.
- Mistral, Europe's most valuable AI startup, positions itself as a regional alternative to global giants while supplying the French military; the current round marks a significant valuation increase from the €12 billion set last year.
- Chief executive Arthur Mensch aims for annual recurring revenues to exceed $1 billion by year-end while focusing on open models ensuring European autonomy; the company previously committed more than $1.4 billion for digital infrastructure across Europe through 2027.
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French AI developer Mistral could soon win another prominent investor. According to media reports, the South Korean chip company Samsung is looking into billions of dollars.
Samsung reportedly in talks to back Mistral at €20bn valuation
Samsung is reportedly weighing a bet on Europe’s best-funded AI startup. The South Korean conglomerate is in talks to invest in Mistral as part of a fundraising round that could value the Paris company at roughly €20bn, the Financial Times reported on Wednesday, citing people familiar with the discussions. The size of Samsung’s cheque is where […] This story continues at The Next Web
Samsung in talks to back France's Mistral at €20bn valuation
French AI start-up Mistral is seeking to raise several billion euros at a €20bn valuation, with Samsung among the investors in discussions to back the round, the Financial Times reported today. Read more: Samsung in talks to back France’s Mistral at €20bn valuation – FT
Foreign media reports suggest that Samsung is discussing a plan to invest hundreds of millions of euros in Mistral AI, a leading French artificial intelligence (AI) startup. On the 22nd (local time), the Financial Times (FT), citing multiple sources, reported that discussions are underway for Samsung to participate in an investment round aimed at raising billions of euros by Mistral, which is targeting a corporate value of 20 billion euros (appr…
Mistral is considered Europe's hope in the race for artificial intelligence. Now Samsung is examining an investment. The step could strengthen Mistral's position in competition with US AI companies.
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