Mistral AI Raises €3 Billion, Valuation Reaches €21 Billion

French developer Mistral AI has raised €3 billion in investments, increasing its valuation to over €21 billion. The main investor was Samsung Electronics, with co-leads from Scaleup Europe Fund and PSG Equity. ASML Holding also participated. Over the past year, Mistral AI's market value has nearly doubled, previously standing at €11.7 billion. The funds will be directed towards the development of industrial AI and the expansion of computing infrastructure in the US, Asia, and Europe. Founded in 2023 by Arthur Mensh and researchers from Meta, Mistral AI creates large open-source language models, competing with systems from OpenAI and Anthropic. The company has secured contracts with Airbus, BMW, and ASML, and raised $830 million to build a data center using Nvidia chips near Paris, along with €1.2 billion for a data processing center in Sweden. Interest in Mistral AI's solutions has surged following restrictions imposed by the Trump administration on foreign nationals.

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