Mistral raised 3 billion euros at a 21 billion valuation
Mistral raised 3 billion euros in a Samsung-led Series D announced September 8, 2026, valuing the French AI lab at more than 21 billion euros, nearly double its valuation a year ago. EQT's Scaleup Europe Fund and PSG Equity co-led, with BlackRock funds, Advent and Luxembourg among new backers. Mistral calls it the largest European tech fundraising to date, with proceeds going to frontier research, international growth and its own data centers.