Mistral, the most valuable European artificial intelligence startup, confirmed it raised three billion euros in its latest funding round, designated Series D, which raised its valuation to 21 billion euros. The round was led by Samsung, with participation from the Scaleup Europe Fund, managed by EQT, and investor PSG Equity. New investors also joined, such as Advent, funds and accounts managed by BlackRock, and the Grand Duchy of Luxembourg, in addition to existing investors such as a16z, ASML, NVIDIA, Salesforce Ventures, Index Ventures, Lightspeed, General Catalyst, and DST Global, among others.
The startup revealed that the round will significantly expand its cutting-edge research, which underpins its infrastructure and products. The investment will enable Mistral to expand its computational capacity for training robust models, accelerate its commercial growth, and strengthen its international presence. The company currently operates in 20 countries and supports the mission-critical AI transformation of more than 125 global companies, including Airbus, ASML, and HSBC.
The organization stated that this round reflects strategic support from investors in Europe, Asia, and North America, bringing together a group of world-class strategic and financial investors. With a Series C led by ASML and a Series D led by Samsung Electronics, Mistral attracted support from companies at the forefront of advanced manufacturing, engineering, and industrial technology. This support reflects the growing confidence that Mistral's approach can help organizations deploy cutting-edge AI in complex real-world environments.




