Mistral raises €3B to make sovereign, open-weight AI the technology frontier

Mistral has raised €3 billion in a Series D funding round, setting a new record as the largest equity fundraising by a European technology company. Samsung Electronics led the round, alongside Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity. This influx of capital will bolster Mistral's frontier research, infrastructure, and products, enabling the company to expand its compute capacity for training powerful AI models.

Mistral now serves over 125 global enterprises, including Airbus, ASML, and HSBC, across 20 countries. The company's full-stack and open-weight approach allows customers to harness the power of AI without relinquishing control over their data, infrastructure, and knowledge. This round of funding brings together a diverse group of strategic and financial investors from Europe, Asia, and North America, reflecting confidence in Mistral's ability to meet the growing demand for sovereign AI solutions that prioritize data security, customization, and control.