French AI firm Mistral valued at €21bil after latest funding
The AI startup has raised €3bil in its biggest-ever funding round, led by Samsung Electronics.
Paris: French AI firm Mistral has announced a massive €3 billion funding round, valuing the company at over €21 billion. The startup, which is Europe's leading AI model developer, said the investment from chip giant Samsung will accelerate research and expand internationally. Mistral's CEO and co-founder Arthur Mensch said the funding will enable faster R&D, product development, and infrastructure expansion, allowing organizations to run AI at scale on their own terms.
The company has secured backing from advanced manufacturers, with Dutch firm ASML leading the previous funding round and Samsung Electronics leading this one. Mistral has increased its infrastructure spending this year, including building its first data centre in France, to cater to companies' specific compliance constraints. The firm's CEO described Mistral as a mix of Palantir and Anthropic, emphasizing its cost-efficient model development and digital sovereignty appeal.
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- French AI firm Mistral valued at €21bil after latest funding freemalaysiatoday.com
- Mistral AI raises record €3 billion in Samsung-led funding round euronews.com
