Mistral AI, a leading AI technology company, announced the completion of a €1.7 billion Series C funding round at a post-money valuation of €11.7 billion. The capital infusion will support the company’s mission to push the boundaries of AI research, delivering advanced solutions to tackle complex technological challenges across strategic industries.
The funding round is led by ASML Holding NV, a global semiconductor equipment leader, establishing a strategic partnership aimed at integrating AI-driven solutions into ASML’s product offerings. Christophe Fouquet, CEO of ASML, stated: “ASML is proud to lead this investment and partner with Mistral AI. Together, we aim to generate tangible benefits for ASML customers through innovative AI-enabled products and solutions, and explore joint research opportunities to address future technological challenges.”
In addition to ASML, the round attracted participation from leading existing investors, including DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed, and NVIDIA. This collective support underscores the growing confidence in Mistral AI’s scientific and commercial vision.
Over the past two years, Mistral AI has advanced frontier AI research and developed partnerships with corporate and industrial leaders. The company specializes in custom decentralized AI solutions designed to solve highly complex engineering and industrial problems. Its technologies empower enterprises and public sector organizations with state-of-the-art models, tailored AI solutions, and high-performance compute infrastructure.
Arthur Mensch, CEO of Mistral AI, commented: “This investment strengthens the collaboration between two leaders operating in the same value chain. Our goal is to help ASML and its partners address current and future engineering challenges using advanced AI solutions, and ultimately to advance the semiconductor and AI ecosystem globally.”
The Series C funding will accelerate Mistral AI’s scientific research initiatives, enhance its compute infrastructure, and support the development of enterprise-focused AI applications. Importantly, it reinforces the company’s independence, allowing Mistral AI to continue pursuing breakthrough AI innovations without compromising its strategic objectives.
It remains committed to developing high-performance, scalable AI technologies that deliver tangible value to industries ranging from semiconductor manufacturing to public infrastructure. This new capital positions the company to lead the next chapter of AI, providing businesses with competitive advantages through intelligent, tailored, and transformative solutions.
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