Mistral raises €1.7B Series C led by ASML at €11.7B post-money

Mistral AI

Mistral closed a €1.7 billion Series C at €11.7 billion post-money valuation, led by semiconductor equipment maker ASML. The round reinforced Mistral's independence while establishing a strategic partnership with ASML to develop AI solutions for semiconductor engineering challenges.

• ASML leads round, with existing investors DST Global, a16z, Bpifrance, General Catalyst, Index Ventures, Lightspeed and NVIDIA joining.
• Partnership targets semiconductor engineering applications via collaboration between Mistral and ASML.
• Positions Mistral to advance frontier AI research and deliver tailored enterprise and industrial solutions.