Mistral AI Raises €3 Billion in Series D Funding Round
French artificial intelligence company Mistral secured new funding at a €21 billion valuation, with Samsung among the lead investors, according to TechCrunch.
French artificial intelligence company Mistral has raised €3 billion in a Series D funding round that values the company at €21 billion, according to a report by TechCrunch.
The round was led by Samsung, Scaleup Europe and PSG Equity, the report said.
TechCrunch described the investment as part of a broader trend in which what it called "sovereign AI" — nationally or regionally backed artificial intelligence development — has become a significant area of business investment.
Mistral, based in France, has positioned itself as a European alternative to US-based AI developers. The new funding round further strengthens the company's financial backing as competition in the global AI sector continues, according to the report.
Further details on the specific terms of the deal or planned use of the funds were not immediately available.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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