Making sovereign, open-weight AI the technology frontier
Mistral today announced that it has raised €3 billion in a Series D funding round at a post-money valuation of more than €21 billion, the largest equity fundraising round ever completed by a European technology company, three years after the company's launch.
TL;DR
- Mistral AI raised €3 billion in a Series D funding round, valuing the company at over €21 billion.
- This is the largest equity fundraising round ever completed by a European technology company.
- Samsung Electronics led the round, with participation from Scaleup Europe Fund and existing investor PSG Equity.
- Funds will be used to expand frontier research, scale compute capacity, and accelerate commercial growth and international footprint.
- Mistral supports 125+ global enterprises across 20 countries with mission-critical AI transformation.
- The company emphasizes a full-stack, open approach to AI, enabling customers to retain control over data, models, compute, and systems.
- This sovereign AI layer ensures data remains within organizational boundaries and models are controllable and customizable.