On September 9, 2025, Mistral AI, a burgeoning artificial intelligence startup hailing from France, made public that it had successfully wrapped up a Series C funding round amounting to €1.7 billion. This funding drive catapulted the company to a post-money valuation of €11.7 billion.
The funding initiative was primarily steered by ASML, a Dutch manufacturer specializing in chip - making equipment. ASML poured in a substantial €1.3 billion, thereby claiming the title of Mistral AI's largest shareholder. Additionally, this investment secured ASML a coveted seat on Mistral AI's strategic committee.