Mistral raises €3bn at a €21bn valuation in Europe’s largest tech equity round

Mistral raised €3 billion in a Series D round, valuing the company at over €21 billion, the largest equity raise by a European tech firm. Samsung Electronics led the round, with PSG Equity and the EU-backed Scaleup Europe Fund as co-leaders. The financing follows a €1.7 billion Series C at a €11.7 billion valuation and will fund the expansion of Mistral’s end-to-end AI stack for more than 125 enterprises in 20 countries, including Airbus, ASML and HSBC.