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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

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.

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Daphné Leprince-Ringuet

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

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