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Mistral raises €3 billion to expand European AI research and infrastructure

Mistral announced a €3 billion Series D at a post-money valuation above €21 billion. Samsung Electronics led the round, with Scaleup Europe Fund and PSG Equity as co-leads. The company says the capital will expand frontier research, compute capacity, infrastructure, commercial growth and its international footprint; it currently operates in 20 countries and supports more than 125 large enterprises.