Mistral AI raises 1.7B€ to accelerate technological progress with AI

Mistral AI · 10 months ago · 44

Mistral AI raised €1.7 billion in Series C funding led by chipmaking equipment manufacturer ASML, valuing the French AI company at €11.7 billion. The round includes participation from existing investors DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed, and NVIDIA. The funding will support Mistral's research into custom AI solutions for industrial and engineering challenges while establishing a strategic partnership between the two companies to develop products for ASML's customers.