Samsung leads €3B funding for Mistral to push Europe’s open-weight AI push

Mistral AI raised €3 billion in a funding round led by Samsung, valuing the Paris-based startup at over €21 billion post-money. The Round also included the Scaleup Europe Fund and PSG Equity. The cash will fund more data-center capacity and the development of larger, open-weight AI models, as Mistral positions itself as a European alternative to OpenAI and Anthropic and pursues enterprise-focused, customizable tools and partnerships (e.g., with ASML and Samsung).