Christophe Fouquet

Mistral AI Raises €1.7B Series C at €11.7B Valuation, Led by ASML

Mistral AI has closed a €1.7 billion Series C funding round at an €11.7 billion post-money valuation, led by semiconductor equipment giant ASML Holding NV. The round includes participation from existing investors DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed, and NVIDIA. The partnership with ASML is framed around developing AI solutions for semiconductor and industrial engineering challenges. Mistral emphasizes continued independence and focus on custom, decentralized frontier AI for strategic industries.