French AI startup Mistral AI is reportedly in early-stage funding talks to raise around €3 billion (about $3.5 billion) at an estimated valuation of roughly €20 billion (about $23 billion), according to multiple outlets citing unnamed sources. Bloomberg and other reports say the discussions are at an early stage and that the final terms, including the valuation, could change depending on investor demand. If completed near the reported figures, the valuation would represent a significant increase from Mistral’s prior funding round, which valued the company at about €11.7 billion. The reported fundraising would provide additional capital as Mistral competes in what sources describe as a costly computing race against large US and China-based AI companies. Separate reporting also notes Mistral’s plans for European AI infrastructure, including a data center near Paris equipped with thousands of Nvidia GPUs and substantial power capacity. The sources do not indicate when a deal could be finalized, and no final agreement is reported.
Mistral AI in talks to raise about €3B at roughly €20B valuation
French AI startup Mistral AI is reportedly in early-stage funding talks to raise around €3 billion (about $3.5 billion) at an estimated valuation of roughly €20 billion (about $23 billion), according...
- Mistral AI is reportedly in talks to raise about €3 billion (around $3.4B–$3.5B).
- The talks reportedly put Mistral’s valuation at roughly €20 billion (about $23B).
- The funding discussions are described as early, with terms and valuation subject to change.
- If valuations match prior reports, the new valuation would be nearly double Mistral’s earlier Series C valuation of about €11.7B.
- Reporting also points to plans for AI infrastructure in Europe, including a data center near Paris with large GPU and power capacity.
Mistral AI plans a data center near Paris with 13,800 Nvidia GPUs and 44 MW capacity.
2 months agoMistral AI is in talks to raise about 3 billion euros (about $3.5 billion) at a valuation of about 20 billion euros (about $23.1 billion), a figure that could go higher depending on investor demand, Bloomberg reported Friday (June 12), citing unnamed sources. The French AI startup’s discussions with investors are at an early […] The post Mistral Seeks $3.5 Billion to Build European AI Infrastructure appeared first on PYMNTS.com.
2 months agoThe funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.
2 months agoMistral is in funding talks to raise about €3bn ($3.5bn) at a valuation of roughly €20bn, Bloomberg reported on Friday, citing people familiar with the discussions. That would nearly double the price investors put on Europe’s leading AI startup just months ago. The talks are early, and the terms could change. The valuation may even […] This story continues at The Next Web
2 months agoFrench startup Mistral AI is in talks to raise around €3 billion ($3.5 billion) at a valuation of roughly €20 billion, according to people familiar with the discussions, providing Europe’s artificial intelligence champion with a cash injection as it competes in a costly computing race against competitors in the US and China.
2 months ago
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