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June 12, 2026

Mistral in talks to raise at €20bn valuation, reports say

The Paris-based company last raised equity funding less than one year ago when it secured a €1.7bn Series C

Mistral, the Paris-based scaleup developing AI models and infrastructure, is reportedly in talks to raise €3bn at a valuation of around €20bn. 

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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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