Mistral raises €3B to make sovereign, open-weight AI the technology frontier

Mistral raised €3 billion in Series D funding at a valuation exceeding €21 billion, making it the largest equity fundraising round by a European tech company, led by Samsung Electronics. The French AI company is positioning itself as a provider of sovereign AI by offering open-weight models, private infrastructure, and compute capacity that allow enterprises to harness AI without surrendering control over their data and technology dependencies. Operating across 20 countries and serving 125+ global enterprises including Airbus and HSBC, Mistral aims to address growing demand from organizations seeking AI solutions with data governance, independence, and vendor flexibility.