Mistral AI raises €1.7 billion at €11.7 billion post-money

Raised €1.7 billion at a post-money valuation of €11.7 billion. The lead investor is chip-equipment maker ASML

Why it matters

Europe's largest AI funding round. That the lead was not a VC but the sole supplier of EUV equipment reveals its industrial-policy character

Source — Primary sources first; secondary reports are labelled “Press”

Officialmistral.aihttps://mistral.ai/news/mistral-ai-raises-1-7-b-to-accelerate-technological-progress-with-ai/

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