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French AI startup Mistral raises €3 billion from Samsung and other investors
3 sourcesPublished · Updated
French startup Mistral AI raised €3 billion in an investment round led by Samsung Electronics. This increased the company's valuation to over €21 billion, doubling its worth in a year.
Key facts
- Raised €3 billion ($3.5 billion)
- Valuation exceeded €21 billion
- Last year's valuation was €11.7 billion
- Investors include Samsung and Scaleup Europe Fund
- Funding will be used for developing new AI models
Mistral AI · Samsung Electronics · Scaleup Europe Fund · EQT · ASML
Sources3
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