Mistral Raises €3B in Europe’s Largest-Ever Tech Round #
Mistral AI has closed a €3 billion Series D round led by Samsung, Scaleup Europe, and PSG Equity. TechCrunch AI reported a €21 billion valuation, while The Decoder put Mistral's valuation above €21 billion.
The financing came three years after Mistral's launch. The Decoder described it as Europe's largest-ever technology funding round, while its headline said Mistral was still lagging behind rival AI companies.
Why it matters: For Samsung, Scaleup Europe, and PSG Equity, the €3 billion commitment backs Mistral even as The Decoder describes the lab as lagging rivals; the sources disagree on whether its valuation is €21 billion or above it.
Key Takeaways
- The financing was structured as a Series D round.
- Mistral closed the round three years after its launch.
- The Decoder described the deal as Europe's largest-ever technology funding round.