Mistral, the European artificial intelligence company, announced on September 8, 2026, that it has raised €3 billion in a Series D funding round. The round values the company at more than €21 billion post-money, marking what Mistral describes as the largest equity fundraising round ever completed by a European technology company. This milestone arrives three years after the company’s launch.
Investors and Leadership
Samsung Electronics led the funding round, with co-leads including Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity. Additional participants in the round include Advent and funds and accounts managed by BlackRock.
Purpose of the Funding
The company intends to use the new capital to expand its sovereign AI initiatives, which focus on developing AI systems that align with European values and regulatory frameworks. This expansion comes as Mistral continues to position itself as a key player in the global AI landscape, offering alternatives to AI models developed outside Europe.
