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Méistraal raises to 21B euros
French company Mistral AI announced that it has raised 3 billion euros in a funding round led by Samsung, Silex Europe Fund, and BNP Paribas Asset Management, boosting its market valuation to over 21 billion euros, up from an earlier valuation of 11.7 billion euros. The company is using the funds to develop artificial intelligence models, expand into American and Asian markets, and build computing infrastructure that includes data center projects based on NVIDIA chips. Mistral aims to strengthen its independent European position in the AI field by developing open-source models to reduce reliance on American and Chinese technologies, in collaboration with major firms such as Airbus and BMW. Founded in 2023 by graduates of DeepMind and Meta, the company is currently developing AI technologies for applications in manufacturing and automation.
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