Mistral AI raises 1.7B€ to accelerate technological progress with AI

Mistral AI has announced a Series C funding round of 1.7 billion euros, reaching a post-money valuation of 11.7 billion euros. The round was led by semiconductor equipment manufacturer ASML, which is also entering into a strategic partnership with the AI firm. This investment will fuel scientific research to advance AI and develop custom decentralized frontier AI solutions for complex engineering and industrial problems. The funding reaffirms the company's independence and includes participation from existing investors like NVIDIA, Andreessen Horowitz, and General Catalyst.