# Mistral Raises €3B to Keep Open-Weight Training in Europe

Times of AI Desk · 2026-09-08 · Frontier Labs

[https://timesof.ai/2026/09/mistral-3b-euro-series-d](https://timesof.ai/2026/09/mistral-3b-euro-series-d)

> 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.

## Sources

- [Mistral: Series D announcement](https://mistral.ai/news/mistral-makes-sovereign-open-weight-ai-to-frontier/)