Mistral AI raises €3 billion Series D at a valuation above €21 billion
Announced that it raised €3 billion in a Series D at a post-money valuation of more than €21 billion. Samsung Electronics, the EQT-managed Scaleup Europe Fund and PSG Equity led the round; Advent, funds managed by BlackRock and the Grand Duchy of Luxembourg joined as new investors; and existing investors including a16z, ASML, Bpifrance, DST Global, General Catalyst, Index Ventures, Lightspeed, NVIDIA and Salesforce Ventures also took part again. The company claims it is the largest equity funding round in European tech history, 3 years after its founding, and says the funds will go to frontier research, expanding training compute and infrastructure, and commercial expansion to more than 125 enterprises in 20 countries.
Why it matters
A turning point at which Europe's open-weight, sovereign AI camp secured capital to rival US big tech, notable for the direct participation of semiconductor supply-chain companies such as Samsung Electronics, NVIDIA and ASML.
Source — Primary sources first; secondary reports are labelled “Press”
Officialmistral.aihttps://mistral.ai/news/mistral-makes-sovereign-open-weight-ai-to-frontier/Added in Week 38, 2026 · See that week