Mistral AI Raises $3.5B At $24B Valuation In Another Record European AI Round

Paris-based Mistral AI raised $3.5 billion in a Series D funding round led by Samsung Electronics, doubling its valuation to $24 billion, making it Europe's highest-valued foundation model AI startup. The company plans to use the capital to expand frontier AI research, infrastructure, commercial growth, and international presence, competing globally with U.S. and Chinese AI firms.

This Wire brief sits within Fusion42's coverage of AI Frontier Models, and 2 sources have reported it.