The open-weight AI developer reached a €21 billion valuation, or $24 billion, through a fresh investment round involving Samsung and Nvidia. Mistral secured €3 billion in a Series D raise, doubling its previous valuation and marking the biggest equity round for any European technology company. The firm's annual recurring revenue recently surpassed $1 billion.

The funding supports a strategic shift toward sovereign AI infrastructure, including a target to establish 1 GW of European compute capacity by 2030. This expansion focuses on controlling the dependency chain for chips, cloud services, and power to reduce reliance on external suppliers.