TechCrunchParis‑based AI firm Mistral AI announced a €1.7 billion Series C round in September 2025, pushing its valuation to €11.7 billion (about $13.8 billion). The round was led by chipmaker ASML and included backers such as DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and Nvidia. The fresh capital will fund the launch of a new open‑weight model, expand the company’s European AI cloud, and accelerate partnerships with hardware and industrial players.
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