Mistral raises €3B

	Mistral raises €3B(mistral.ai)
	841 points by kuberwastaken 2 days ago \| 593 comments
	tl;dr: Mistral raised €3B in a Series D at a €21B+ post-money valuation, led by Samsung Electronics with EQT's Scaleup Europe Fund and PSG Equity — the largest equity round ever for a European tech company. The funds will expand frontier research, compute capacity, and international growth, positioning Mistral as a full-stack "sovereign AI" provider offering open-weight models, infrastructure, and products to enterprises and governments seeking control over data and deployment.
	HN Discussion: ↑Mistral's contrarian sovereign AI strategy is smart and shouldn't be judged on benchmarks alone ↑EU-based location gives Mistral a sovereignty advantage that will attract government and enterprise clients ↓Mistral's LLMs are not competitive with other open-weight models despite decent auxiliary offerings ↓Mistral's revenue and salaries are too low to realistically compete with US labs ↓EU would be better served funding datacenters to run Chinese SOTA models rather than Mistral