Mistral AI, the Paris-based startup building foundational open source AI models, has raised a €1.7bn Series C at an €11.7bn post-money valuation, confirming previous reports.
News
September 9, 2025
Mistral confirms €1.7bn Series C led by ASML
The Paris-based startup has become one of the most highly valued private tech companies in Europe just two years after launching
2 min read
Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

Sifted Daily newsletter
Stay one step ahead with news and experts analysis on what’s happening across startup Europe.
Recommended
The 13 events that shaped European deeptech in 2025
Deeptech was one of the fastest-growing sectors in Europe this year. Sifted rounded up the news that defined the industry in 2025
17 voice AI startups to watch, according to VCs
From AI-powered scribes for dentists to voice AI for military communications, investors share which voice AI startups are on their radar right now
European tech’s 2025 in data: VC funding reaches its third-best year on record
Europe’s top eight tech hubs all record year-on-year funding growth, as AI investment jumps 161%


