Mistral AI raises €3bn Series D for compute expansion
Samsung Electronics, Scaleup Europe Fund and PSG Equity led the round at a reported valuation above €21bn.
Mistral AI raised €3 billion in Series D financing at a post-money valuation above €21 billion. Samsung Electronics led the round, joined by co-leads Scaleup Europe Fund, managed by EQT, and PSG Equity.
The financing will expand model research and training compute, build infrastructure and support commercial and international growth. Mistral develops open-weight models and AI systems for enterprises and public-sector customers. At the announcement, it reported operations across 20 countries and more than 125 enterprise customers, including Airbus, ASML and HSBC.
Use of funds
Scale compute capacity and build infrastructure
Accelerate commercial growth
Expand international footprint