Mistral AI raises €3B in Series D funding at €21B+ post-money valuation
Mistral AI announced it has raised €3 billion in a Series D funding round at a post-money valuation of more than €21 billion, described as the largest equity fundraising round ever completed by a European technology company. Samsung Electronics led the round, joined by co-leads Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity.
What happened
Event details
Mistral AI announced it has raised €3 billion in a Series D funding round at a post-money valuation of more than €21 billion, described as the largest equity fundraising round ever completed by a European technology company, three years after the company's launch. Samsung Electronics led the round, joined by co-leads Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity. The company said the round will significantly expand its frontier research, scale compute capacity for training powerful models, expand infrastructure, and accelerate commercial growth and international footprint. Mistral stated it now operates across 20 countries and supports 125+ global enterprises' mission-critical AI transformation, including Airbus, ASML, and HSBC. New investors include Advent, funds and accounts managed by BlackRock, and the Grand Duchy of Luxembourg. Existing investors including a16z, ASML, BNP Paribas CIB, Bpifrance, NVIDIA, and Salesforce Ventures also participated in the round. Mistral emphasized its full-stack approach combining open-weight models, infrastructure, compute capacity, and products, aimed at giving customers control across data, models, compute, and production systems without being locked into a single vendor's roadmap, pricing, or availability.
Assessment
Why it matters
This is a major corporate funding event for Mistral AI: a €3 billion Series D round at a €21B+ valuation, claimed as the largest equity fundraising ever by a European technology company, with strategic significance for the European AI industry.
Availability
Access notes
This is a funding announcement and does not involve changes to product or service availability.