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The Economic Times
The Economic Times
Technology

French AI company Mistral hits $24 billion valuation in funding round

France's Mistral has raised €3 billion at a valuation ​of around €21 billion ($24 billion), in what ​the three-year-old AI company said on Tuesday was the biggest equity ​funding round by a privately owned European technology firm.

Mistral said that the round was jointly led by existing investor PSG Equity, along with South Korea's Samsung Electronics and the EU-backed Scaleup Europe Fund, which both invested ‌in it for ⁠the ⁠first time.

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