Mistral AI raises €1.7B in Series C funding led by ASML at €11.7B valuation
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kgwgk
Needed another two minutes in the oven. A half-baked bagel.
Summary
Mistral AI has raised €1.7 billion in Series C funding at an €11.7 billion post-money valuation, led by semiconductor equipment manufacturer ASML. The investment is intended to accelerate scientific research in AI and address technological challenges in strategic industries. ASML is entering a strategic partnership with Mistral AI as the lead investor in this round.
Key quotes
· 4 pulledWe are announcing a Series C funding round of 1.7B€ at a 11.7B€ post-money valuation.
This investment fuels our scientific research to keep pushing the frontier of AI to tackle the most critical and sophisticated technological challenges faced by strategic industries.
ASML is proud to enter a strategic partnership with Mistral AI, and to be lead investor in this funding round.
The collaboration between Mistral AI and ASML aims to generate clear benefits for ASML customers through innovation
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