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336 Europe’s AI bet: Paris-based Mistral secures €1.7 billion and doubles its valuation

EU-Startups
David Cendon Garcia @ EU-Startups · today 04:06 EDT

Europe’s AI bet: Paris-based Mistral secures €1.7 billion and doubles its valuation

Paris-based Mistral AI, one of Europe’s most competitive AI startups, has raised €1.7 billion in a Series C funding round led by Dutch chip equipment giant ASML. The round gives ASML an 11% stake, making it Mistral’s largest shareholder, and values the French startup at €11.7 billion, nearly doubling its valuation since June 2024. The ...

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