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Nebius Group Announces Pricing of Upsized Private Offering of $5.0 Billion of Convertible Senior Notes

5 d ago

Mistral, the French AI startup, has raised €3 billion in a Series D funding round at a post-money valuation of over €21 billion, marking the largest equity fundraising ever by a European technology company, as it scales its sovereign AI stack combining open-weight models, infrastructure, and compute capacity. Samsung Electronics led the round, joined by co-leads Scaleup Europe Fund (managed by EQT) and existing investor PSG Equity. The funding will expand Mistral’s frontier research, scale compute for training powerful models, and accelerate commercial growth and international footprint across 20 countries, supporting 125+ global enterprises including Airbus, ASML, and HSBC. Mistral positions itself as the only full-stack AI company offering open-weight models, private compute, and production systems that prevent vendor lock-in, addressing enterprise and government demand for performance with control over data, infrastructure, and deployment choices. The round attracted a global syndicate including new investors Advent, BlackRock, and the Grand Duchy of Luxembourg, plus existing backers a16z, ASML, BNP Paribas CIB, Bpifrance, DST Global, General Catalyst, Index Ventures, Lightspeed, NVIDIA, and Salesforce Ventures. With a Series C led by ASML and now Series D led by Samsung Electronics, Mistral has secured backing from advanced manufacturing and industrial technology leaders, reinforcing its approach to deploying state-of-the-art AI inside complex real-world environments while maintaining data governance and sovereignty across four dimensions: data, models, compute, and systems.