Mistral raises record €3bn as Europe strains to keep pace in AI race

Tue, Sep 8 · 5:00 AM UTC 2 min read

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New funding round led by Samsung comes as French AI model maker continues to challenge US and Chinese rivals.

Summary

New funding round led by Samsung comes as French AI model maker continues to challenge US and Chinese rivals.

#Mistral

Full coverage

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Tier 1 — direct ingest

Financial Times Sep 8 · 5:00 UTC

New funding round led by Samsung comes as French AI model maker continues to challenge US and Chinese rivals.

Crypto Briefing Sep 8 · 5:09 UTC

The French AI startup's Series D is the largest equity raise by a European tech company ever, valuing it at over €21 billion.

Crunchbase News Sep 8 · 18:02 UTC

Paris-based generative AI startup Mistral AI said Tuesday that it has nearly doubled its valuation to more than $24 billion with a $3.5 billion Series D fundraise.

Bloomberg Sep 8 · 5:00 UTC

French artificial intelligence company Mistral AI is raising €3 billion ($3.49 billion) in a Series D funding round, with Samsung Electronics joining the round.

Bloomberg Sep 8 · 5:00 UTC

Mistral AI has raised €3 billion ($3.5 billion) at a valuation of more than €21 billion from investors led by Samsung Electronics Co.

CNBC Technology Sep 8 · 5:00 UTC

Mistral on Tuesday said it raised 3 billion euros ($3.5 billion) in fresh funding led by memory chip giant Samsung, as the French startup looks to position itself as a European alternative to rivals like OpenAI and…

TechCrunch AI Sep 8 · 14:17 UTC

French AI lab Mistral AI on Tuesday said it has raised €3 billion (about $3.58 billion) at a post-money valuation of more than €21 billion (about $24.39 billion), confirming earlier rumors.