Mistral AI Raises €3 Billion Series D Led by Samsung at €21 Billion Valuation
Mistral AI has closed a €3 billion Series D round led by Samsung Electronics, reaching a post-money valuation of more than €21 billion and nearly doubling its €11.7 billion valuation from its September 2025 Series C. The company claims this is the largest equity fundraising ever completed by a European technology company, though that characterization comes from Mistral itself and has not been independently verified by a public registry. Proceeds are directed toward frontier research, expanded compute capacity, data center infrastructure, and international commercial growth, with CEO Arthur Mensch projecting owned compute capacity to grow approximately 100% over five years.