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Wednesday, 22 July 2026

Samsung in talks to back Mistral’s Series D, say reports

Sifted 1 month ago 31 ● 3 sources

Samsung is in talks to invest up to €1 billion in French AI startup Mistral as part of its €3 billion Series D funding round at a €20 billion valuation. The round values Mistral at €20bn and aims to raise €3bn total, with Swedish firm EQT also in discussions to lead or co-lead. Samsung's investment would be strategic, providing access to memory chips crucial for AI model training, though Mistral remains substantially smaller than US competitors OpenAI and Anthropic.

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