Mistral AI raises €1.7B to accelerate technological progress with AI (mistral.ai)

Mistral AI has secured a massive €1.7 billion Series C funding round, valuing the company at €11.7 billion post-money. Led by semiconductor equipment giant ASML, this investment aims to fuel Mistral’s ambitious vision of advancing AI technology to address complex challenges in strategic industries, particularly in engineering and semiconductor manufacturing. The partnership with ASML highlights a collaborative effort to develop innovative AI-driven products and solutions tailored to enhance ASML’s customer offerings and tackle future technological opportunities. This funding round also includes participation from major investors such as DST Global, Andreessen Horowitz, NVIDIA, and others, underscoring strong confidence in Mistral’s specialized approach. Over the past two years, Mistral has focused on creating custom decentralized AI models and high-performance computing infrastructure designed to solve sophisticated engineering problems. The company’s commitment to independence ensures continued innovation in frontier AI, empowering enterprises and public sector players with cutting-edge, domain-specific AI applications. For the AI/ML community, this represents a significant accelerated push towards industrial-grade AI solutions that integrate advanced research with practical, scalable deployments in the semiconductor and engineering sectors.