Mistral raised €3B led by Samsung at a €21B valuation, up from €11.7B a year ago, as it expands to building data centers instead of solely developing AI models (Adam Satariano/New York Times)
Samsung’s lead check helps Mistral fund the compute side of staying independent.
Mistral raised €3 billion in a Series D at a post-money valuation above €21 billion. The round was led by Samsung and co-led by EQT’s Scaleup Europe Fund and PSG Equity, with backing from ASML, Nvidia, BNP Paribas and others. Techmeme’s note says the money supports Mistral’s move beyond model development into infrastructure and data centers, as it tries to keep pace with U.S. and Chinese rivals while pitching a European AI alternative. Techmeme's note
Mistral raised €3 billion in a Series D at a post-money valuation above €21 billion. The round was led by Samsung and co-led by EQT’s Scaleup Europe Fund and PSG Equity, with backing from ASML, Nvidia, BNP Paribas and others. Techmeme’s note says the money supports Mistral’s move beyond model development into infrastructure and data centers, as it tries to keep pace with U.S. and Chinese rivals while pitching a European AI alternative. Techmeme's note
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