France-based Mistral has completed a €3bn ($3.48bn) Series D funding round, putting the AI company's post-money valuation at more than €21bn ($24.4bn).
The fundraising was co-led by Samsung Electronics, the Scaleup Europe Fund managed by EQT, and existing investor PSG Equity.
The latest round provides capital to expand the company's "frontier research," along with increased compute capabilities for training AI models and broader international operations. This round comes three years after Mistral's founding.
Mistral currently has operations in 20 countries and supports more than 125 global enterprises with their AI initiatives. Its clients include ASML, Airbus, HSBC, and others.
According to Mistral, the new investment will help to scale its infrastructure, accelerate its commercial growth, and strengthen its position in AI provision for both enterprises and governments seeking control over data and AI deployment.
#mistral #round #france #series
The fundraising was co-led by Samsung Electronics, the Scaleup Europe Fund managed by EQT, and existing investor PSG Equity.
The latest round provides capital to expand the company's "frontier research," along with increased compute capabilities for training AI models and broader international operations. This round comes three years after Mistral's founding.
Mistral currently has operations in 20 countries and supports more than 125 global enterprises with their AI initiatives. Its clients include ASML, Airbus, HSBC, and others.
According to Mistral, the new investment will help to scale its infrastructure, accelerate its commercial growth, and strengthen its position in AI provision for both enterprises and governments seeking control over data and AI deployment.
#mistral #round #france #series
2 months ago
