Samsung Leads €3B Funding for Mistral to Build European AI Models
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Mistral raised 3 billion euros in fresh funding led by Samsung, valuing the Paris AI startup at 11.7 billion euros after the prior year. The round also included the EU-backed Scaleup Europe Fund managed by EQT and existing investor PSG Equity. Mistral plans to expand infrastructure with its own data centers, rent computing capacity, and train larger, faster models while emphasizing open-weight and custom business tools.
Coverage (10)
- Samsung Leads Mistral AI’s €3 Billion Funding Round Valuing Company Above €21 Billion: how 21 outlets framed it (newscord.org)
- Samsung and Mistral AI Announce Strategic Partnership for Intelligence (news.samsung.com)
- Mistral AI raises €3 billion in Samsung (qz.com)
- Samsung backs Mistral AI in $3.5 billion funding round to deepen AI ties (kedglobal.com)
- Mistral raises €3bn in Series D led by Samsung Electronics (datacenterdynamics.com)
- Mistral AI raises record €3 billion in Samsung-led funding round (euronews.com)
- Samsung backs Mistral at $24 billion days after French AI firm signs Côte d’Ivoire deal (africa.businessinsider.com)
- French AI firm Mistral valued at 21 bn euros after latest funding (finance.yahoo.com)
- Mistral raises 3 billion, Samsung leads round (techzine.eu)
- Mistral bags $24 billion valuation as Samsung leads funding for Europe's AI champion (cnbc.com)