Open-source AI developer Mistral closes €3B funding round
French artificial intelligence lab Mistral AI SAS today announced that it has raised €3 billion, or about $3.49 billion, in funding. Samsung Electronics Co. Ltd. led the investment. It was joined by more than two dozen other backers including Salesforce Ventures, Nvidia Corp. and ASML Holdings NV, which led Mistral’s last round. The startup is […] The post Open-source AI developer Mistral closes…
French AI lab Mistral AI SAS has raised €3 billion ($3.49 billion) in funding, valuing the company at over €20 billion. Samsung Electronics led the investment, joined by over two dozen backers including Salesforce Ventures, Nvidia, and ASML. Mistral is renowned for its open-source large language models, with its flagship LLM, Mistral Medium 3.5, excelling on coding benchmarks against larger algorithms.
The startup also creates specialized models and offers tools for enterprises to build custom LLMs. Mistral's cloud services enable developers to generate synthetic training datasets and develop AI agents. The company has more than 125 enterprise clients, including ASML, Airbus SE, and HSBC Holdings. Mistral plans to use its new capital for AI training and expand internationally.
Written by urgent.news from SiliconANGLE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
