Mistral Reportedly Eyeing €3 Billion Funding Round at €20 Billion Valuation
French AI company Mistral is reportedly preparing a major funding round that could see it raise approximately €3 billion at a valuation of around €20 billion (about $23.15 billion).
According to reports, this new valuation would represent a significant increase from the company's Series C valuation of €11.7 billion, nearly doubling its previous market valuation.
Mistral has emerged as a notable player in the European AI landscape, developing large language models and AI infrastructure. A successful raise at this scale would underscore continued investor appetite for AI companies despite broader market volatility in the sector.
As always with rumored funding rounds, details remain unconfirmed until an official announcement is made.