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Mistral AI announces €3 billion Series D funding round

Mistral AI has announced a €3 billion Series D funding round, marking the largest equity fundraising round ever completed by a European technology company, just three years after its launch.

The round was led by Samsung Electronics, alongside Scaleup Europe Fund, managed by EQT Group, and PSG, with continued support from major investors and partners including ASML, NVIDIA and BNP Paribas CIB.

The investment will support Mistral AI’s next phase of growth, accelerating its frontier AI research, expanding the infrastructure behind its models and strengthening its product capabilities to enable deployment at scale.

The company aims to develop a more open and flexible approach to artificial intelligence, giving organisations greater control over how and where AI solutions are deployed. Through its open-weight models, products and infrastructure, Mistral AI seeks to provide organisations with greater choice while reducing dependence on specific infrastructure or governance models.

The funding round highlights growing investor and industry confidence in Mistral AI’s vision and its ambition to establish a leading European position in the rapidly evolving global AI landscape.

SOURCE: MISTRAL