Mistral Raises €3 Billion In Series D Round At €21B Valuation

8 Sept 2026, 7:47 pm · 4d ago · 1 min read · TechCrunch AI

Amount

€3B

Stage

Series D

Lead

Samsung

French artificial intelligence startup Mistral has raised €3 billion in a Series D funding round, propelling its valuation to €21 billion. The investment round was led by Samsung, Scaleup Europe, and PSG Equity. The fundraise highlights the accelerating global demand for sovereign AI infrastructure and foundational models capable of competing directly with American tech giants. Mistral plans to deploy the capital to expand its frontier model training capabilities, scale enterprise AI solutions, and broaden its market reach across major international markets as sovereign AI initiatives gain significant commercial traction globally.