Mistral raises record β¬3bn as Europe strains to keep pace in AI race
β’ Mistral raised β¬3bn in a funding round led by Samsung, marking the largest private-tech fundraising event in European history. β’ The investment increases the company's valuation to β¬21bn, up from approximately β¬12bn one year ago. β’ This capital supports growing demand for AI in high-end manufacturing and cybersecurity for European banks following a security incident involving OpenAI and Hugging Face agents.
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