Mistral, the Paris-based scaleup developing AI models and infrastructure, is reportedly in talks to raise €3bn at a valuation of around €20bn.
News
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
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
Talent tops European AI startups’ concerns as funding pressures mount
Sifted’s AI 100 survey finds funding climbing the list of concerns, buyers circling and more respondents open to a US move
How to outcompete the ‘warp speed’ AI labs on hiring
Spoiler: it’s very hard. But flexible equity, secondaries and real task ownership can help in the recruitment race
Why the smartest AI models still need human context
The next generation of enterprise AI doesn't just need more computing power but the human context to understand exactly what users want


