88Z AI, 8 September — French AI startup Mistral AI announced the completion of a €3 billion Series D funding round, reaching a post-money valuation of over €21 billion. Led by Samsung Electronics and others, the funds will support advanced research.
At a glance
- Mistral AI completes €3 billion Series D funding with a valuation over €21 billion, setting a record for European tech firms.
- Funds will support advanced research, while its Le Chat assistant offers multimodal features with a focus on privacy.
The update
French artificial intelligence startup Mistral AI has officially announced the completion of its Series D funding round, totaling €3 billion. The round was co-led by Samsung Electronics, Scaleup Europe Fund, and PSG Equity, pushing the company's post-money valuation above €21 billion. This financing scale sets a new historical record for European technology companies. The raised capital will be primarily invested in the research and development of cutting-edge technologies. Furthermore, the company's AI assistant, Le Chat, offers various features including multilingual conversation, deep research, image generation and editing, code generation, and web search, with a strong emphasis on user data privacy protection in its product design.
Sources & editorial note
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- IT之家Source published
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