Mistral is rumored to be raising €3B at €20 valuation
In Brief
10:38 AM PDT · June 12, 2026
French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), Bloomberg reported Friday, citing anonymous sources.
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in a Series C funding round last September.
One of Europe’s leading AI startups, Mistral launched in 2023 with the stated ambition to “put frontier AI in the hands of everyone.” The company has taken a more open approach to its AI development compared to its American rivals, offering some foundational large language models with open weights, allowing anyone to customize them as they see fit.
The company also offers closed models tailored for use cases such as programming, voice cloning and generation, and optical character recognition.
Lately, with European countries distancingthemselves from American tech, Mistral...
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