Mistral AI raises €3B at €21B valuation in Samsung-led Series D round

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French AI startup Mistral has secured €3 billion in a Series D funding round, valuing the company at €21 billion. The round was led by Samsung, Scaleup Europe, and PSG Equity. The fundraise positions Mistral as a major player in the growing sovereign AI sector, which focuses on developing AI capabilities independent of US or Chinese tech dominance. The deal underscores rising investor confidence in European AI infrastructure and homegrown alternatives to Silicon Valley models.

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