French AI Company Mistral Completes $3.5 Billion Funding Round at $24.4 Billion Valuation
France-based artificial intelligence company Mistral has completed a €3 billion ($3.48 billion) Series D funding round, raising its valuation to over €21 billion ($24.4 billion). The investment was co-led by Samsung Electronics and the Scaleup Europe Fund managed by EQT, with participation from existing investor PSG Equity among others. The funds will be used for expanding frontier research, enhancing compute capabilities for AI model training, and supporting international operations across 20 countries. Mistral serves over 125 global enterprises including ASML, Airbus, HSBC, and has recently expanded its partnership with Microsoft to support regulated sectors in deploying AI models. The company positions itself as a full-stack provider of open-weight AI models alongside infrastructure solutions that allow clients greater autonomy from single-vendor strategies. Mistral emphasizes data governance and control over deployment for enterprises seeking secure and flexible AI integration.
Topics: AI funding_rounds valuation