Mistral Raises €3B Series D
Mistral raises €3B in a Series D round led by Samsung Electronics at a €21B valuation to scale its sovereign open-weight AI infrastructure.
Mistral Raises €3B Series D at €21B Valuation
Mistral, a Paris-based provider of open-weight artificial intelligence models and infrastructure, has raised €3 billion in a Series D funding round at a post-money valuation of more than €21 billion. This investment marks the largest equity fundraising round ever completed by a European technology company, coming three years after the company was founded.
Investors
The funding round was led by Samsung Electronics, with Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity serving as co-leads. Additional investors included Advent, funds and accounts managed by BlackRock, the Grand Duchy of Luxembourg, a16z, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, NVIDIA, Phoenix Court's Solar fund, and Salesforce Ventures.
Mistral Use of Funds
Mistral intends to use the capital to significantly expand its frontier research, which forms the basis of its infrastructure and product offerings. The funds will also allow the company to scale compute capacity for training powerful models, expand its global infrastructure, and accelerate its commercial growth and international footprint.
About Mistral
Mistral was founded in 2023. The company builds open-weight AI models, infrastructure, and compute capacity, aiming to provide organizations with sovereign AI that ensures data control, customizability, and independence from single-vendor lock-in. Its full-stack approach is designed for mission-critical enterprise and government applications.
Funding Details
Company Website: https://mistral.ai
Company: Mistral
Raised: €3B
Round: Series D
Funding Date: September 8, 2026
Lead Investor: Samsung Electronics, Scaleup Europe Fund, PSG Equity
Additional Investors: Advent, BlackRock, Grand Duchy of Luxembourg, a16z, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, NVIDIA, Phoenix Court's Solar fund, Salesforce Ventures
Company Website: https://mistral.ai
Software Category: Artificial Intelligence
Source: https://mistral.ai/news/mistral-makes-sovereign-open-weight-ai-to-frontier/
