Mistral Raises €3B at €21B Valuation — Europe's Biggest Tech Round
Three years after founding, Mistral closed a Samsung-led Series D, doubling its valuation to €21B from €11.7B a year prior. The round funds a push into data centre operations as Mistral repositions from pure model vendor to infrastructure operator.
- Samsung led; valuation doubled from €11.7B in under twelve months
- Mistral plans to operate its own data centres, not only sell API access
- Trails on benchmark rankings vs OpenAI and Anthropic, but leads on European regulatory positioning