Samsung Leads €3 Billion Investment in French AI Startup Mistral

TLDR

• Mistral AI raised €3 billion in a Series D round led by Samsung Electronics
• The French AI startup’s valuation nearly doubled from €11.7 billion to over €21 billion
• Funds will go toward building data centers and expanding computing capacity
• Mistral expects to pass €1 billion in annual recurring revenue by end of 2026
• The round also included the EU-backed Scaleup Europe Fund and existing investor PSG Equity

Mistral AI, the French artificial intelligence startup, has closed a €3 billion Series D funding round. Samsung Electronics led the round, which pushed Mistral’s valuation from €11.7 billion to more than €21 billion in just one year.

MISTRAL AI RAISES RECORD €3B AT €21B+ VALUATION

French AI startup Mistral has raised €3B in what is being described as the largest-ever equity round for a private European tech company, nearly doubling its valuation from €11.7B a year ago to more than €21B.

Samsung, PSG… pic.twitter.com/m8y9suPpsY

- Wall St Engine (@wallstengine) September 8, 2026

The round also included the Scaleup Europe Fund, backed by the European Union and managed by EQT, along with existing investor PSG Equity. Nvidia, already an investor in Mistral, also added to its position in this round.

… Continue reading the full article at the original source below.