French Mistral secures 3 billion euros in funding
French company "Mistral," specialized in artificial intelligence, has raised 3 billion euros (3.5 billion dollars) in the largest funding round ever for a European tech company, following an increase in its valuation to more than 21 billion euros. The funding aims to expand the company's research in open AI models, enhance computing power, and grow its global market presence. "Mistral" is considered a competitor to leading American AI giants, focusing on open-weight technology that grants clients control over their data and infrastructure. Samsung led the funding round, with participation from investors such as Selig Up Europe and BlackRock. The company is currently active in 20 countries and serves more than 125 major clients.
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