Mistral Raises €3 Billion To Build The Future of Secure Open-Weight AI
Europe has had good researchers but no big AI company with its own computers, models, and customers. Governments and big companies didn’t want to send all their data to US The post Mistral Raises €3 Billion To Build The Future of Secure Open-Weight AI appeared first on Ventureburn .
Mistral, a European AI startup, has secured €3 billion in funding to build its future in secure open-weight AI. This investment makes Mistral Europe’s most valuable AI startup. The Series D round was led by Samsung Electronics, with co-leads from the EU-backed Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity.
Other new investors include BlackRock and the Grand Duchy of Luxembourg, as well as ASML and Nvidia, which are existing backers. The round values Mistral at over €21 billion, nearly double its previous valuation of €11.7 billion from its Series C last year. Mistral focuses on open-weight AI models, allowing companies to run the models themselves without sending data to the cloud.
The company plans to invest in frontier AI research, compute capacity, and global growth. CEO Arthur Mensch envisions a future where Mistral owns the infrastructure, with compute capacity growing 100% within the next five years. The investment aims to give Europe AI sovereignty and allow it to compete with US and Chinese labs by keeping European data and AI models within the continent.
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