NewsUS · United States
Mistral AI Secures $3.5 Billion Funding Led by Samsung, Valuation Hits $24 Billion
www.cnbc.com/2026/09/08/mistral-ai-funding-valuation-samsung.html
Mistral AI, a French startup, has raised €3 billion ($3.5 billion) in a funding round led by Samsung Electronics, valuing the company at over €21 billion ($24 billion). The investment also includes participation from the EU-backed Scaleup Europe Fund and existing investor PSG Equity. Mistral aims to compete with OpenAI and Anthropic by focusing on open-weight AI models and building its own data centers. The company plans to double its computing capacity in the next five years and train larger, faster AI models. Mistral is positioning itself as a European alternative in the AI industry, emphasizing sovereignty and trust for its customers.