Investment: “Mistral raises €3 billion”
Mistral, a Paris-based provider of an open-weight AI platform, sovereign AI models, and infrastructure, has raised €3 billion in a Series D funding round led by Samsung Electronics, Scaleup Europe Fund (managed by EQT) and PSG Equity at a post-money valuation of more than €21 billion.
The round included participation from new investors Advent, funds and accounts managed by BlackRock, and the Grand Duchy of Luxembourg, as well as existing investors a16z, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, NVIDIA, Phoenix Court’s Solar fund, and Salesforce Ventures.
Led by CEO Arthur Mensch, Mistral is a global AI lab building state-of-the-art open-weight models, products and infrastructure. The company positions its platform to enable enterprises, public institutions and advanced industries to own, customize and control their AI.
Mistral operates across 20 countries with a presence in Europe, North America and Asia and is headquartered in Paris, France.
The company intends to use the funds to expand frontier research, scale compute capacity for training powerful models, expand infrastructure, and accelerate its commercial growth and international footprint.
