StoryFunding
Mistral AI raises €3 billion in a Series D at a valuation above €21 billion, led by Samsung
Mistral AI, the French model maker, announced a €3 billion Series D at a post-money valuation above €21 billion. Samsung Electronics led the round, with Scaleup Europe Fund (managed by EQT) and existing investor PSG Equity as co-leads. The company says the money will fund frontier research, the compute needed to train models, infrastructure and international growth.
- €3 billion Series D at a post-money valuation of more than €21 billion, which the company calls the largest equity round ever completed by a European technology company.
- Lead investor Samsung Electronics; co-leads Scaleup Europe Fund (managed by EQT) and PSG Equity.
- New investors include Advent, funds managed by BlackRock and the Grand Duchy of Luxembourg; existing backers include a16z, ASML, NVIDIA and Salesforce Ventures.
- Use of funds: frontier research, compute for training models, infrastructure, and commercial and international expansion.