Mistral raises 1.7B€ to accelerate technological progress with AI

We are announcing a Series C funding round of 1.7B€ at a 11.7B€ post-money valuation. This investment fuels our scientific research to keep pushing the frontier of AI to tackle the most critical and sophisticated technological challenges faced by strategic industries.

The Series C funding round is led by leading semiconductor equipment manufacturer, ASML Holding NV (ASML).

“ASML is proud to enter a strategic partnership with Mistral AI, and to be lead investor in this funding round. The collaboration between Mistral AI and ASML aims to generate clear benefits for ASML customers through innovative products and solutions enabled by AI, and will offer potential for joint research to address future opportunities.” said ASML CEO Christophe Fouquet.

It includes participation from existing investors: DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and NVIDIA.

For the last two years, we have advanced AI through cutting-edge research and strategic partnerships with corporate and industrial champions. We will continue to develop custom decentralized frontier AI solutions that solve the most complex engineering and industrial problems. It empowers enterprises, public sectors, and industries a competitive edge through state-of-the-art models, tailored solutions, and high-performance compute infrastructure. This funding round reaffirms the company’s independence.

“This investment brings together two technology leaders operating in the same value chain. We have the ambition to help ASML and its numerous partners solve current and future engineering challenges through AI, and ultimately to advance the full semiconductor and AI value chain”, said Mistral AI CEO Arthur Mensch.