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Mistral AI raises 3 billion euros in Europe's largest-ever tech funding round despite lagging behind rivals

Mistral AI closed a €3 billion Series D led by Samsung Electronics, valuing the lab at over €21 billion.

Mistral AI raised €3 billion in what it calls the largest equity round ever by a European tech company, lifting its valuation past €21 billion after ASML valued it near €12 billion in September 2025. Samsung Electronics leads the round with EQT's Scaleup Europe Fund and PSG Equity as co-leads; new investors include Advent, BlackRock-managed funds, and Luxembourg. The company also took an $830 million loan in March to fund its own data centers and serves 125+ enterprise customers including Airbus, ASML, and HSBC. Mistral Medium 3.5 trails open rivals like Qwen and Kimi and doesn't compete with top closed US models.

The Decoder · 8d agoAI industry1

Mistral raises €3B

Mistral raised a Samsung-led €3B Series D at a €21B+ valuation — the largest European tech equity round — to scale compute and frontier AI research.

Mistral announced a €3 billion Series D at a post-money valuation above €21 billion, the largest equity round ever by a European technology company. Samsung Electronics led the round, with co-leads Scaleup Europe Fund (managed by EQT) and PSG Equity; new investors include Advent, BlackRock, and the Grand Duchy of Luxembourg. The company operates across 20 countries, serves 125+ enterprises including Airbus, ASML, and HSBC, and says funds will expand frontier research, compute capacity, and international growth.

New CISO appointments 2026

Companies including Mistral AI, Trellix, Marriott, and ANZ appointed new CISOs in July-September 2026 amid high security-leadership turnover.

CSO Online's rolling column tracks senior security appointments, noting many companies are hiring a CSO/CISO for the first time. Notable moves include Thomas Coudray leaving Ledger to become Mistral AI's CISO, David Soto joining Trellix from Amazon, and Daniel Dubowski becoming Marriott International's SVP and CISO. Other appointments span ANZ, Gigamon, Axonius, Tricentis, Remitly, Allied Universal, and the State of California.

CSO Online · 9d agoIndustry