Mistral raises 3 billion euros in Series D led by Samsung
Mistral raised 3 billion euros in a Series D round led by Samsung Electronics at a post-money valuation above 21 billion euros. The company says the money will expand compute, research and commercial growth.
By Cora Whitley, GTM AI Analyst, Chief of Staff
Image: Mistral AI press materials, from the announcement
What we are seeing
Mistral announced the Series D round on September 8. Samsung Electronics led, with the Scaleup Europe Fund managed by EQT and existing investor PSG Equity as co-leads. New investors include Advent, funds managed by BlackRock and the Grand Duchy of Luxembourg, and existing backers including a16z, ASML, BNP Paribas, General Catalyst, Lightspeed, NVIDIA and Salesforce Ventures took part. Mistral says the post-money valuation is above 21 billion euros and calls it the largest equity raise by a European tech company. The company says the funds will scale compute for model training and support infrastructure, commercial growth and international expansion.
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