Mistral AI aims for a valuation of 20 billion euros, French Tech enters a new dimension
Article excerpt
Date: Share: Mistral AI is preparing a new fundraising round of three billion euros that could bring its valuation to 20 billion, according to Bloomberg. Discussions have just begun with investors who have not yet been identified. At this early stage, the amounts could still increase, indicates a source close to the matter. The Parisian company, founded three years ago by Arthur Mensch, Guillaume Lample, and Timothée Lacroix, is currently valued at 11.7 billion euros. If the operation materializes under the conditions mentioned, Mistral will cross an unprecedented threshold in French tech: no national start-up has ever reached such a valuation while remaining private. This rise in power is part of a pace rarely observed in Europe. Last September, Mistral raised 1.7 billion euros, bringing its value to 12 billion and granting it decacorn status. The Dutch semiconductor champion ASML then invested 1.3 billion, becoming the largest shareholder with 11% of the capital. Alongside ASML are Bpifrance, Andreessen Horowitz, Lightspeed Venture Partners, and General Catalyst. The Wallis and Futuna volleyball players secure their double qualification for Tahiti 2027 Mistral is deploying a massive infrastructure strategy to keep pace with American and Chinese labs. The company recently announced an investment of 1.2 billion euros to build data centers in Sweden. In parallel, it raised...
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In parallel, it raised 830 million dollars in debt to acquire 13,800 Nvidia chips, intended to equip a new computing site near Paris.
