Mistral AI has announced a €1.7 billion Series C funding round, bringing its post-money valuation to €11.7 billion. The round is led by ASML Holding. The funding also includes continued support from existing investors such as DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed, and NVIDIA.
This funding will fuel Mistral’s mission to develop decentralized, physics-aware AI models capable of solving complex engineering challenges for industrial and public sector clients.
Founded to push the boundaries of AI research, Mistral has spent the past two years building tailored solutions and high-performance infrastructure for strategic industries. The company remains independent and committed to delivering transformative technologies that offer a competitive edge in sectors where precision and scale are critical.
With this investment, Mistral and ASML will explore joint research initiatives and product innovation, reinforcing their shared commitment to advancing the future of compute and manufacturing through AI.
KEY QUOTES:
“ASML is proud to enter a strategic partnership with Mistral AI, and to be lead investor in this funding round. The collaboration between Mistral AI and ASML aims to generate clear benefits for ASML customers through innovative products and solutions enabled by AI, and will offer potential for joint research to address future opportunities.”
ASML CEO Christophe Fouquet
“This investment brings together two technology leaders operating in the same value chain. We have the ambition to help ASML and its numerous partners solve current and future engineering challenges through AI, and ultimately to advance the full semiconductor and AI value chain.”
Mistral AI CEO Arthur Mensch
