Mistral AI raises €3B Series D led by Samsung
Paris-based Mistral AI closed a €3B Series D at a post-money valuation above €21B, which its counsel Orrick called the largest equity round ever raised by a European tech company.
Paris-based Mistral AI closed a €3B Series D at a post-money valuation above €21B, which its counsel Orrick called the largest equity round ever raised by a European tech company. (Orrick (counsel to Mistral); Tech.eu; W.Media)
Samsung Electronics led, with EQT's Scaleup Europe Fund and existing backer PSG Equity as co-leads. Advent, BlackRock-managed funds and the Grand Duchy of Luxembourg joined as new investors, alongside existing backers including ASML, NVIDIA, a16z and Salesforce Ventures. Mistral said the money will go to frontier research, compute, infrastructure and international expansion. (Orrick (counsel to Mistral); Tech.eu; W.Media)