Samsung leads $3.5B round into Mistral
French AI company Mistral has landed the largest funding round ever raised by a European tech company. Its valuation has nearly doubled in a year, reaching more than €21 billion.
A company that makes the chips that power AI. Rather than a competitor in the chatbot race, it's the one selling picks and shovels to everyone in it. Its flagship products are GPUs and the AI infrastructure software built on top of them. In August 2026, it began officially supporting its cloud gaming service GeForce NOW on Linux, and around the same time, it published a method for isolating Kubernetes tenants on shared GPUs. In autonomous driving, it introduced a 34-billion-parameter reasoning model, and in robot policy learning, it presented a video-based learning approach. It also tried to expand the AI ecosystem for handling the physical world through its open world model 'Cosmos 3'.
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2026.08.18 – 2026.09.16 · High 3 · Low 5 · Now 5
French AI company Mistral has landed the largest funding round ever raised by a European tech company. Its valuation has nearly doubled in a year, reaching more than €21 billion.
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