Mistral secures €3B Series D to push sovereign AI into its next phase

French AI company Mistral raised €3 billion in Series D funding at a post-money valuation of more than €21 billion, three years after its launch. Samsung Electronics led the round, with the Scaleup Europe Fund, managed by EQT , and existing investor PSG Equity as co-leads. New investors Advent, funds and accounts managed by BlackRock and the Grand Duchy of Luxembourg also joined the round.