French AI startup Mistral confirmed a €3bn Series D at a post-money valuation of more than €21bn, one of the largest rounds for a European tech company. JPMorgan, Accenture, and Qualcomm led the deal alongside Samsung, which participated through its venture arm. The round also included investments from Nvidia, AMD, and Salesforce. Mistral plans to use the funds to expand its open-source models and build a European AI infrastructure. CEO Arthur Mensch said the capital will help compete with US giants while maintaining Europe’s independence. Samsung’s involvement signals growing Asian interest in European AI. The startup, valued at over €21bn, aims to challenge OpenAI and other US firms. Mistral’s open-source approach and European base have attracted major institutional backers.

Samsung’s investment through its venture arm highlights the growing ties between Asian tech and European AI. The deal also included participation from Nvidia, AMD, and Salesforce. Mistral plans to use the funds to expand its open-source models and build European AI infrastructure. CEO Arthur Mensch said the capital will help compete with US giants while maintaining Europe’s independence.