Mistral has closed a €3 billion Series D, the largest equity round ever completed by a European tech company, bringing Samsung and EQT onto the cap table just three years after the Paris lab launched. Lightspeed’s team walks through where the money goes, why sovereign AI has become a national argument in Europe, and the plan to reach a gigawatt of European compute by 2030.
Mistral’s €3B round and Europe’s sovereign AI bet
Mistral has closed a €3 billion Series D, the largest equity round ever completed by a European tech company, bringing Samsung and EQT onto the cap table just three years after the Paris lab launched.
