On September 9, 2025, Mistral (a French artificial intelligence company) announced the closing of a €1.7 billion Series C funding round, raising the company's valuation to €11.7 billion, making it one of the fastest growing European companies. ASML led the round with €1.3 billion, while Andreessen Horowitz and DST Global funds participated, reflecting global interest in supporting European capabilities in generative AI. Mistral is focused on developing highly efficient open-source language models, which distinguishes it from closed models such as ChatGPT. The funding will be used to expand R&D teams and strengthen the company's ability to compete with US companies such as OpenAI and Anthropic, although details on the allocation of funds and the timeline for expansion have yet to be revealed.
Mistral (French AI company) closes Series C funding round.
