Mistral AI closes €1.7B Series C led by ASML

Mistral AI raises 1.7B€ to accelerate technological progress with AI

Mistral AI announced a €1.7B Series C at a €11.7B post-money valuation, led by semiconductor equipment maker ASML, with existing investors DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and NVIDIA participating.

Why it matters: Mistral AI closed a €1.7B Series C led by ASML, giving readers a read on its funding plans and semiconductor supply chain ties.