Mistral AI Raises $3.5 Billion at $20 Billion Valuation; ASML Remains Top Shareholder

According to Beating, Mistral AI is in talks to raise approximately 3 billion euros (about $3.5 billion) at a valuation of 20 billion euros, more than double its 11.7 billion euros valuation from September last year. Negotiations remain in early stages and terms may change.

Semiconductor equipment maker ASML is Mistral AI's largest shareholder, having invested 1.3 billion euros last year with an 11% stake. The AI company was founded in 2023 by former researchers from Google DeepMind and Meta.