Mistral Large 3

TechCrunch · Jun 12, 2026

Mistral is rumored to be raising €3B at €20B valuation

Mistral AI is reportedly in advanced talks to raise approximately €3 billion in a new funding round that would value the French artificial intelligence company at around €20 billion. This valuation represents a significant increase from its previous Series C funding round, where it was valued at €11.7 billion. The potential new investment, if successful, would position Mistral AI as one of Europe's most valuable AI startups and could fuel its expansion and research efforts in the competitive AI landscape. The company has been a notable player in the open-source AI model space, challenging larger, more established competitors. This funding round would provide substantial capital to continue its development and deployment of advanced AI technologies.