Mistral AI Closes €3B Series D Round at Over €21B Valuation

IT Home, September 8 — French AI startup Mistral AI announced today local time that it has completed a Series D funding round, raising €3 billion (approx. 23.439 billion RMB at current exchange rates) at a post-money valuation exceeding €21 billion (IT Home note: approx. 164.075 billion RMB at current exchange rates). Lead investors in this round for Mistral AI include Samsung Electronics, Scaleup Europe Fund, and PSG Equity. The size of this funding sets a historic record for European tech companies. The funds will be directed toward the company's frontier research. Mistral AI stated that the core focus of this GenAI wave has quietly shifted from model performance to AI services that customers can trust. By leveraging open-weight models, computing infrastructure, and AI products, the company delivers a full-stack solution while ensuring customers are not locked into a single vendor.