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

844 points · 599 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

  1. Mistral AI News
    Mistral raises €3B to make sovereign, open-weight AI the technology frontierHN

    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.

  2. Techmeme
    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.

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