Source
Mistral raises €3B to make sovereign, open-weight AI the technology frontier
Mistral has raised €3 billion in a Series D funding round at a valuation exceeding €21 billion to develop sovereign, open-weight AI.
Why it matters
This allows businesses and governments to use powerful AI without relying on a single vendor's pricing or risking the exposure of their private data.
The big picture
This investment in sovereign AI and open-weight models follows a broader trend seen in NVIDIA's acquisition of the open AI platform Hugging Face.
The details
- This is the largest equity fundraising round ever completed by a European technology company. - The "sovereign AI layer" ensures data remains within an organization's boundaries and models are customizable. - New investors include BlackRock, Advent, and the Grand Duchy of Luxembourg. - Funding will be used to scale compute capacity for training powerful models.
What's next
Mistral plans to scale its compute capacity, expand its infrastructure, and accelerate its international commercial growth.
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Key connections
Samsung Electronics funds Mistral
Samsung Electronics led the round
joined by co-leads Scaleup Europe Fund, managed by EQT
PSG Equity funds Mistral
joined by co-leads... and existing investor PSG Equity
supports 125+ global enterprises’ mission-critical AI transformation, including Airbus
supports 125+ global enterprises’ mission-critical AI transformation, including... ASML
supports 125+ global enterprises’ mission-critical AI transformation, including... HSBC
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Mistral owns Open-Weight Models
Mistral is the only AI company in the world building the full stack required to answer that question: open-weight models
Mistral is related to Sovereign AI
Mistral’s stack the sovereign AI layer
With a Series C led by ASML
Advent... joined the round as new investors
funds and accounts managed by BlackRock... joined the round as new investors
Grand Duchy of Luxembourg funds Mistral
the Grand Duchy of Luxembourg joined the round as new investors
Existing investors a16z... participated in the round
Existing investors... Belfius... participated in the round
BNP Paribas CIB funds Mistral
Existing investors... BNP Paribas CIB... participated in the round
Existing investors... Bpifrance... participated in the round
Existing investors... Carmignac... participated in the round
DST Global funds Mistral
Existing investors... DST Global... participated in the round
Existing investors... Eurazeo... participated in the round
General Catalyst funds Mistral
Existing investors... General Catalyst... participated in the round
Existing investors... Headline... participated in the round
Existing investors... Hillspire... participated in the round
Index Ventures funds Mistral
Existing investors... Index Ventures... participated in the round
Korelya Capital funds Mistral
Existing investors... Korelya Capital... participated in the round
Lightspeed funds Mistral
Existing investors... Lightspeed... participated in the round
Existing investors... NVIDIA... participated in the round
Salesforce Ventures funds Mistral
Existing investors... Salesforce Ventures participated in the round
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