Per Tech Funding News, the round hands equity to three of Mistral's own chip and cloud partners, Samsung, ASML and Nvidia, the same Nvidia whose GPUs Mistral took on an $830 million debt facility to buy back in March.
“Mistral AI raised €3 billion in a Samsung-led round, nearly doubling its valuation to over €21 billion, in what it calls the largest equity fundraising ever by a European tech company, with CEO Arthur Mensch saying Mistral projects it will pass $1 billion in annual recurring revenue by the end of 2026.”
Mistral AI; Arthur Mensch, CEO, 8 September 2026
Recorded 8 September 2026. Our ruling means: literally true, materially misleading.
Mistral was valued at €11.7 billion in 2025 after a €1.7 billion Series C led by Dutch chipmaker ASML, meaning the company has almost doubled its valuation in a year.
The company says more than 125 enterprises across 20 countries use its technology, and Mistral projects it will pass a billion in annual recurring revenue by the end of 2026.
The total amount of equity that Mistral has disclosed in this round since 2023 is approximately €6 billion, along with an $830 million debt facility obtained in March 2026 to purchase Nvidia GPUs.
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