Mistral raises €3b in Europe’s largest tech funding round, lifting valuation above €21b
PARIS, Sept 8 — Mistral announced today that it had raised €3 billion (RM14.1 billion) in what it described a...
Paris, September 8 - Mistral, a leading French AI model developer, has announced the completion of its largest-ever European tech fundraising round, raising €3 billion (RM14.1 billion). The funding round, led by chip giant Samsung, has valued Mistral at over €21 billion, nearly doubling its valuation since a funding round exactly a year ago.
Mistral's CEO and co-founder, Arthur Mensch, stated that the funding will enable the company to accelerate its research, expand internationally, and provide organisations with the ability to run AI at scale on their own terms. The company's models are designed to be used with companies' own data and comply with their constraints.
Mistral has secured backing from advanced manufacturers, including Dutch firm ASML. The company has also stepped up its spending on infrastructure, including the construction of its first data centre in France. Mistral's chief financial officer, Johan Bergqvist, emphasized that the company believes size is not the sole requirement for integrating AI capabilities, describing its offerings as a mix of Palantir and Anthropic.
Mistral's models are also being used in a French government tool for part of the civil service administration, reflecting the company's push for digital sovereignty.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
