Economy
Mistral AI Raises €3 Billion at $24 Billion Valuation
techcrunch2h
THE BRIEF
1
French AI lab Mistral AI secured €3 billion in a Series D funding round, reaching a post-money valuation of over €21 billion, or approximately $24.39 billion.
2
Led by Samsung Electronics, the round included participation from EQT-managed Scaleup Europe Fund and PSG Equity, marking the largest equity fundraising by a European technology company.
3
The company plans to use the capital to scale compute capacity, aiming for 1 GW of infrastructure in Europe by 2030, and to expand its international footprint across 20 countries.