Mistral closes €3B Series D at roughly €21B valuation, led by Samsung
On September 9, Mistral closed a €3B Series D at roughly €21B post-money valuation, led by Samsung Electronics with participation from the EU-backed Scaleup Europe Fund and PSG Equity—the largest tech equity round in European history.
On September 9, French AI company Mistral closed a €3B Series D at roughly €21B post-money valuation—some reports cite around $24.5B, nearly doubling the previous round. Samsung Electronics led the round, with the EU-backed Scaleup Europe Fund and PSG Equity participating. It is the largest tech equity round in European history.
Funds will be used to scale compute, infrastructure, and global expansion. Alongside the funding announcement, Mistral disclosed collaborations with Cloudera and a Samsung semiconductor agreement, further reinforcing the European sovereign AI position.
Mistral's flagship Mistral Large 3 is a 675B-total / 41B-active MoE model released under Apache 2.0. The next-generation Le Chat, rebranded as Vibe, integrates conversation, professional task execution, and software engineering capabilities, supporting more than 100 connectors and MCP compatibility.