Mistral secures €3B Series D to push sovereign AI into its next phase
French AI company Mistral raised €3 billion in Series Dfunding at a post-money valuation of more than €21 billion, three years afterits launch. Samsung Electronics led the round, with the Scaleup Eur...
French artificial intelligence firm Mistral has secured €3 billion in Series D funding to advance its sovereign AI capabilities. The investment, led by Samsung Electronics, brings the company's post-money valuation to over €21 billion. Co-leaders of the funding round included Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity.
New investors such as Advent, BlackRock funds and accounts, and the Grand Duchy of Luxembourg also contributed to the round. Mistral, founded in 2023, develops AI models, infrastructure, and products tailored for businesses and public-sector organizations. The company's approach combines open-weight models with the necessary infrastructure and computing power, as well as products for deploying the technology in operational settings.
Mistral's platform aims to empower customers to operate AI systems independently, retaining control over data storage, model customization, and infrastructure choices. The technology is already in use by over 125 enterprises, including Airbus, ASML, and HSBC, across 20 countries. With this latest funding, Mistral plans to bolster its AI research and infrastructure, develop new products, and further expand its presence in international markets.
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