Mistral raises €3B Series D at >€21B valuation to scale sovereign, open-weight AI stack
Mistral announced a €3 billion Series D led by Samsung Electronics, with co-leads Scaleup Europe Fund (EQT) and PSG Equity, at a post-money valuation of more than €21 billion — the largest equity raise ever by a European tech company. The funding will expand Mistral’s frontier research, compute capacity, infrastructure and commercial footprint as it positions its open-weight models, private compute and products as a "sovereign" full-stack AI offering for enterprises and governments.