Mistral AI, founded less than two years ago, has achieved decacorn status with a total valuation of €11.7 billion, raising a record €1.7 billion.
Record Fundraising of Mistral AI
Mistral AI raised €1.7 billion in a Series C funding round, enabling the company to reach a valuation of €11.7 billion. Notable investors include DST Global, Andreessen Horowitz, and Nvidia. A key player in this process has been ASML, which invested €1.3 billion and acquired an 11% stake, ensuring a strategic position on the board.
Alliance with ASML and Its Significance
The partnership with ASML represents a strategic alliance that not only provides funding but also industrial backing for Mistral AI. Representatives from both sides expressed confidence that this collaboration will yield significant benefits for ASML customers through innovative products and research potential for future opportunities.
The Future of Mistral and Competition with American Giants
Positioning itself as an independent player, Mistral AI aims to improve the accessibility of its solutions, attracting major clients like Orange and BNP Paribas. It is expected to reach annual revenues of $100 million by 2025. Mistral showcases aspects of its independence by choosing a European partner over an American one, which also underscores the goal of strengthening European technological autonomy.
With significant funding and a strategic partnership with ASML, Mistral AI emerges as a symbol of the growing European tech landscape focused on creating a competitive alternative to American tech giants.
