在生成式 AI 的第一波浪潮中，核心问题是谁能构建最强大的模型。现在，组织和政府提出了一个不同的问题：如何在不放弃对基础设施和智能循环控制的情况下，利用 AI 的力量满足关键需求。性能与控制、选择和独立性的结合需求在国际上日益增长，因为企业和政府在任何 AI 投资中都必须权衡长期技术依赖、数据治理要求和部署选择。
Mistral 是全球唯一一家构建回答该问题所需完整技术栈的 AI 公司：开放权重模型、支撑其运行的基础设施和计算能力，以及将其投入生产的产品；确保客户永远不会被锁定在单一供应商的路线图、定价或可用性上。
Mistral 的全栈和开放方法还允许组织在不将其最有价值的数据、工作流程和机构知识暴露给外部人员的情况下进行构建。这就是使 Mistral 的技术栈成为自主 AI 层的原因，即在四个维度上保持控制：数据留在组织边界内、模型可控且可定制、计算私有且可预测，以及生产中的系统完全可控且可审计。
Coding agents in the terminal, IDE, and background.
Frontier-scale infrastructure for training and inference.
Mistral raises €3B to make sovereign, open-weight AI the technology frontier
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Mistral today announced that it has raised €3 billion in a Series D funding round at a post-money valuation of more than €21 billion, the largest equity fundraising round ever completed by a European technology company, three years after the company's launch.
Samsung Electronics led the round, joined by co-leads Scaleup Europe Fund, managed by EQT, and existing investor PSG Equity.
The round will significantly expand Mistral's frontier research, which is the foundation underpinning its infrastructure, products and sovereignty. While allowing Mistral to scale its compute capacity for training powerful models, it will help Mistral expand infrastructure and accelerate its commercial growth and international footprint. The company now operates across 20 countries and supports 125+ global enterprises’ mission-critical AI transformation, including Airbus, ASML, and HSBC.
During the first wave of generative AI, the central question was who could build the most powerful model. Organizations and governments are now asking a different one: how to harness the power of AI for their mission-critical needs without surrendering control over the infrastructure and intelligence loop. Demand for that combination of performance with control, choice and independence is growing internationally, as enterprises and governments weigh the long-term technology dependencies, data governance requirements and deployment choices that come with any AI investment.
Mistral is the only AI company in the world building the full stack required to answer that question: open-weight models, the infrastructure and the compute capacity they run on, and the products that bring them into production; ensuring that customers are never locked into a single vendor's roadmap, pricing or availability.
Mistral’s full-stack and open approach also allows organizations to build on it without exposing their most valuable data, workflows and institutional knowledge to anyone outside their own walls. That's what makes Mistral’s stack the sovereign AI layer, meaning retaining control across four dimensions: data that stays inside the organization's boundaries, models that are controllable and customizable, compute that is private and predictable, and systems in production that are fully controllable and auditable.
The round reflects a strategic endorsement from investors across Europe, Asia and North America. It brings together a world-class syndicate of strategic and financial investors, including global technology leaders, growth investors and existing shareholders that have supported Mistral’s development to date.
With a Series C led by ASML and a Series D led by Samsung Electronics, Mistral has attracted backing from companies at the forefront of advanced manufacturing, engineering and industrial technology. This support reflects growing confidence that Mistral's approach can help organisations deploy state-of-the-art AI inside complex real-world environments while maintaining control over their data, infrastructure and knowledge.
Advent, funds and accounts managed by BlackRock as well as the Grand Duchy of Luxembourg joined the round as new investors. Existing investors a16z, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, NVIDIA, Phoenix Court's Solar fund (home to LocalGlobe, Latitude and Solar) and Salesforce Ventures participated in the round.
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