Mistral Raises €3B to Keep Open-Weight Training in Europe
Mistral announced a €3 billion Series D at a post-money valuation above €21 billion. Samsung led the round, with Scaleup Europe Fund and PSG Equity as co-leads, to fund research, compute and commercial expansion.
Correction / update, October 14, 2026: The company’s announcement itself confirms the valuation and lead investors; the previous secondary-only attribution was incorrect.
Mistral announced a €3 billion Series D at a post-money valuation above €21 billion. Both figures come directly from the company.
Samsung Electronics led the financing, with the Scaleup Europe Fund, managed by EQT, and PSG Equity as co-leads. Mistral says the capital will support frontier research, model-training compute, infrastructure and commercial expansion.
The announcement presents sovereign, open-weight AI as the company’s strategy. It is a financing announcement, not a new model release.