Mistral AI raises EUR 3 billion Series D led by Samsung, valuation above EUR 21 billion

French foundation-model developer Mistral AI has secured about EUR 3 billion in a Series D funding round led by Samsung Electronics, reaching a post-money valuation above EUR 21 billion (roughly $24 billion). The financing is described as the largest equity funding round completed by a European technology company. Alongside Samsung, investors include the EU-backed Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity. The capital will fund frontier-model research, proprietary computing infrastructure and enterprise products, with a goal of 1 GW of European local compute by 2030.