Mistral raises €3B to make sovereign, open-weight AI the technology frontier

Mistral has raised €3 billion in a Series D funding round, achieving a valuation of more than €21 billion. The company is focused on developing sovereign, open-weight AI to provide customers with performance, control, and independence. This approach involves building a full stack of open-weight models, infrastructure, and products so organizations are not locked into a single vendor. The funding will be used to expand frontier research, scale compute capacity for training models, and accelerate commercial growth.