Mistral raises €3 billion in Samsung-led Series D
Mistral says the funding round values the company at more than €21 billion and will support research, computing capacity, infrastructure and expansion.
Quick answer
What did Mistral announce about its Series D funding round?
Mistral announced a €3 billion Series D funding round led by Samsung Electronics, giving the company a post-money valuation of more than €21 billion. Mistral said it will use the funding to expand frontier research, computing capacity and infrastructure while accelerating commercial growth and its international footprint.
Key takeaways
- Mistral says it raised €3 billion at a post-money valuation of more than €21 billion.
- Samsung Electronics led the Series D, with Scaleup Europe Fund and PSG Equity serving as co-leads.
- Mistral says the funding will expand its research, computing capacity and infrastructure while supporting commercial and international growth.
- The company says it operates in 20 countries and supports more than 125 global enterprises.
Mistral has raised €3 billion in a Series D funding round led by Samsung Electronics, the company announced. The financing gives Mistral a post-money valuation of more than €21 billion.
Mistral described the transaction as the largest equity fundraising round completed by a European technology company. The announcement comes three years after the company’s launch.
Scaleup Europe Fund, which is managed by EQT, and existing investor PSG Equity joined Samsung Electronics as co-leads.
Research, computing and expansion
Mistral said the funding will significantly expand its frontier research, which underpins the company’s infrastructure, products and work on sovereignty. It also plans to increase the computing capacity used to train its models and expand its infrastructure.
The company said the round will accelerate its commercial growth and international footprint. Mistral currently operates across 20 countries and says it supports more than 125 global enterprises with mission-critical AI work. It named Airbus, ASML and HSBC among those enterprises.
Mistral presents its technology as a full stack spanning open-weight models, computing capacity, infrastructure and products used to put AI systems into production. The company says this approach gives customers control over their data, models, computing resources and deployed systems.
According to Mistral, its open approach allows organizations to build AI systems without exposing their data, workflows or institutional knowledge outside their own boundaries. It defines sovereign AI through four areas: data kept within an organization, controllable and customizable models, private and predictable computing, and production systems that can be controlled and audited.
Participating investors
Mistral said the Series D brought together strategic and financial investors from Europe, Asia and North America. Samsung Electronics’ leadership of the round follows Mistral’s Series C, which was led by ASML.
Advent, funds and accounts managed by BlackRock, and the Grand Duchy of Luxembourg joined as new investors.
Existing investors participating in the round included a16z, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, NVIDIA, Phoenix Court’s Solar fund and Salesforce Ventures. Mistral identified LocalGlobe, Latitude and Solar as part of Phoenix Court’s Solar fund.
The company said the funding will support its effort to provide organizations and governments with AI infrastructure that they can control and customize. Mistral also said its stack is designed to avoid reliance on a single vendor’s roadmap, pricing or availability.
Source: Mistral’s Series D funding announcement, published September 8, 2026.
Frequently asked questions
- How much did Mistral raise?
- Mistral announced a €3 billion Series D funding round at a post-money valuation of more than €21 billion.
- Who led Mistral’s Series D?
- Samsung Electronics led the round. Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity were co-leads.
- How will Mistral use the funding?
- Mistral says the round will expand its frontier research, computing capacity and infrastructure. The company also plans to accelerate commercial growth and expand its international footprint.
- Which other investors participated?
- New investors included Advent, funds and accounts managed by BlackRock, and the Grand Duchy of Luxembourg. Mistral also listed a16z, ASML, BNP Paribas CIB, Bpifrance, NVIDIA and Salesforce Ventures among the existing investors that participated.