Exclusive: Samsung, Nvidia, ASML and Scaleup Fund back Mistral in €3bn fundraise
French AI startup Mistral is poised to unveil a €3 billion Series D funding round, with backing from industry giants Samsung, Nvidia, ASML, and the European Union's Scaleup Fund, according to sources close to the announcement. Daphné Leprince-Ringuet, a senior reporter for Sifted based in Paris, covers French tech and curates the company's AI and deeptech newsletter.
Freya Pratty, Sifted's associate editor, focuses on UK tech and leads investigative endeavors. The funding round comes amid a surge in AI investments, exemplified by Nvidia's $12.9 billion acquisition of AI firm Hugging Face, which saw the company's valuation soar to $4.5 billion in 2023. Additionally, a list of 12 AI safety startups has been compiled by venture capitalists to assist organizations in trusting the AI models and agents they deploy.
Written by urgent.news from Sifted's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
