Mistral Raises $3.5 Billion for AI Research in Record EU Funding Round

France-based artificial intelligence startup Mistral raised a record 3 billion euros (about $3.5 billion) in funding, according to a Tuesday (Sept. The company’s Series D is the largest equity fundraising round on record for a European tech company, per the post. The financing, which values Mistral at 21 billion euros (about $24 billion), will expand the 3-year-old company’s frontier research and infrastructure, while also scaling commercial growth.