Mistral's €2B fundraise values the company at €17B, led by ASML and Nvidia, with participation from DST Global and Andreessen Horowitz. This marks a significant win for European sovereignty in AI.

However, questions remain about whether this is a victory for Europe or just a handful of investors. The round includes General Catalyst and Lightspeed Venture Partners, raising concerns about U.S. influence.

Critics note that Mistral's valuation is high compared to revenue, and the involvement of U.S. giants like Nvidia and a16z could undermine European independence. The funding will support Mistral's expansion, including a new data center in Essonne.