On September 8, French AI company Mistral announced the completion of its €3 billion Series D funding round, with a post-money valuation exceeding €21 billion, marking the largest equity financing round for a European tech company. The round was led by Samsung Electronics, with co-lead investments from EQT's Scaleup Europe Fund and existing investor PSG Equity. Mistral stated that the new funds will be used to expand computing power and infrastructure investments, strengthen research and development of cutting-edge AI models, and drive commercialization and international expansion.
