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5h agoMistral AI raises 1.7 billion euro series c to scale ai model manufacturing
European AI startup Mistral AI secured €1.7 billion in Series C funding led by ASML, valuing the company at €11.7 billion. The capital will support expansion of chip design for large language models, infrastructure scaling and enterprise applications. Observers view the raise as symbolic of Europe’s push to catch up with US- and China-based AI leaders. Mistral plans to establish a model-manufacturing hub in Europe and collaborate with ASML’s semiconductor ecosystem to reduce dependence on external cloud infrastructure.
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5h agoMistral AI raises 1.7 billion euro series c to scale ai model manufacturing
European AI startup Mistral AI secured €1.7 billion in Series C funding led by ASML, valuing the company at €11.7 billion. The capital will support expansion of chip design for large language models, infrastructure scaling and enterprise applications. Observers view the raise as symbolic of Europe’s push to catch up with US- and China-based AI leaders. Mistral plans to establish a model-manufacturing hub in Europe and collaborate with ASML’s semiconductor ecosystem to reduce dependence on external cloud infrastructure.
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Mistral AI raises 1.7 billion euro series c to scale ai model manufacturing
about 5 hours ago
1 min read
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Mistral AI raised €1.7 billion Series C, valuing it at €11.7 billion, to build model-manufacturing and chip partnerships in Europe.
European AI startup Mistral AI secured €1.7 billion in Series C funding led by ASML, valuing the company at €11.7 billion. The capital will support expansion of chip design for large language models, infrastructure scaling and enterprise applications. Observers view the raise as symbolic of Europe’s push to catch up with US- and China-based AI leaders. Mistral plans to establish a model-manufacturing hub in Europe and collaborate with ASML’s semiconductor ecosystem to reduce dependence on external cloud infrastructure.
European AI startup Mistral AI secured €1.7 billion in Series C funding led by ASML, valuing the company at €11.7 billion. The capital will support expansion of chip design for large language models, infrastructure scaling and enterprise applications. Observers view the raise as symbolic of Europe’s push to catch up with US- and China-based AI leaders. Mistral plans to establish a model-manufacturing hub in Europe and collaborate with ASML’s semiconductor ecosystem to reduce dependence on external cloud infrastructure.
Companies:
Mistral AI
ASML
Tags:
ai
funding
ai
funding
startups
semiconductors
Europe
Nov 4, 2025 • 09:44 IST