Mistral raises €3B Series D at €21B valuation, led by Samsung

9 hours ago611 points · 430 comments#mistral#funding#ai models#data centers

Mistral announced a €3 billion Series D funding round at a post-money valuation of more than €21 billion, up from €11.7 billion a year ago. The round was led by Samsung and will support Mistral's expansion into data centers beyond AI models, as it aims to offer a European alternative to American and Chinese rivals.

Coverage timeline

Mistral AI News9 hours ago
Mistral raises €3B to make sovereign, open-weight AI the technology frontier HN
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.
Techmeme9 hours ago
Mistral raised a €3B Series D led by Samsung at a €21B valuation, up from €11.7B a year ago, as it expands into data centers beyond developing AI models (Adam Satariano/New York Times)
Adam Satariano / New York Times : Mistral raised a €3B Series D led by Samsung at a €21B valuation, up from €11.7B a year ago, as it expands into data centers beyond developing AI models — Mistral is trying to keep pace with American and Chinese rivals while offering customers a European alternative for artificial intelligence.