Mistral raises €3 billion at €21 billion valuation
French artificial-intelligence company Mistral raised €3 billion in a Series D round led by Samsung, Scaleup Europe and PSG Equity, valuing the open-weight model developer at €21 billion, or about $24 billion. The available RSS reports do not give individual investment amounts, revenue figures or details of how the company will deploy the new capital.
Why it matters
The funding strengthens Europe’s best-financed attempt to build a sovereign rival to leading US AI laboratories.
Sources
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Part of the September 8, 2026 brief.