Mistral AI Secures €1.7 Billion in Series C Led by ASML to Advance Frontier AI Research

September 9, 2025

Details

  • Paris-based Mistral AI has closed a €1.7 billion Series C round, its largest fundraising yet, announced on September 9, 2025.
  • Semiconductor equipment leader ASML led this financing, with continued support from DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Lightspeed, and Nvidia.
  • The new funding will be funneled into developing larger foundation AI models and targeted research in energy, aerospace, and semiconductors, sectors facing complex data issues.
  • Mistral’s leadership emphasizes that the deal protects the company’s autonomy and supports its commitment to decentralized and open-source AI tool releases.
  • This round follows a €385 million Series A in 2023, bringing Mistral’s total disclosed funding to over €2.2 billion, making it one of the best-capitalized AI startups in Europe.

Impact

Mistral’s massive raise helps it rival U.S. AI giants like OpenAI and Anthropic, fueling competition for resources and talent. ASML’s participation hints at tighter links between AI developers and chipmakers, which could ease future hardware bottlenecks. The major domestic investment not only boosts European tech autonomy but also signals growing confidence in late-stage deep-tech funding across the continent.

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