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COMPANY · ENTITY #2358

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EVENT TIMELINE

2

COMPANIES · 1 SOURCE · The Decoder

Anthropic's employee share-donation program cost >$660M Oct 2025–Mar 2026, diluting investors

Documents shared with potential IPO investors and reported by The Information show Anthropic lets employees donate shares and tops them up with additional company shares (early employees reportedly received triple value). Between October 2025 and March 2026 this practice cost the company more than $660 million; 2025 donations totaled $540 million, dwarfing major corporate donors and potentially rising to billions post-IPO if the stock appreciates.

7.0

STARTUPS · 1 SOURCE · Mistral AI

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.

9.0