Mistral raised a €3B Series D led by Samsung at a €21B valuation, up from €11.7B a year ago, as it expands into data centers beyond developing AI models (Adam Satariano/New York Times)

Mistral has successfully raised a €3B Series D funding round, with Samsung leading the investment. This latest funding values the company at €21B, a significant increase from its €11.7B valuation just a year ago. The capital infusion will support Mistral's expansion into data centers, moving beyond its core focus of developing AI models, as it aims to compete with American and Chinese rivals while providing a European AI alternative.