Mistral AI completes €3 billion funding round, valuation rises to €21 billion

TechFlow reports that on September 8, according to Bloomberg, European AI startup Mistral AI announced the completion of a new financing round of €3 billion (approximately $3.5 billion), led by Samsung Electronics and co-led by the EU Scaleup Europe Fund and PSG Equity. Following this round, Mistral AI's valuation surpassed €21 billion, nearly doubling from the €11.7 billion valuation of its previous round a year ago. The funds raised will be used for AI model development and computing infrastructure construction.