Mistral AI, a leading French artificial intelligence firm, has secured €1.7 billion (approximately $2 billion) in a Series C funding round led by ASML Holding NV, raising its valuation to around $13.7 billion. Participating investors include Nvidia, Andreessen Horowitz, and General Catalyst, enhancing Mistral’s position as a top European AI developer. Mistral’s innovations, such as its multilingual AI models and the chatbot “Le Chat,” now feature deep research, image editing, and a competitive voice mode powered by Voxtral, rivaling OpenAI’s Whisper. The recent launch of Mistral Medium 3 and Mistral Code emphasizes its commitment to performance optimization for AI and developers. The partnership with ASML aims to revolutionize semiconductor manufacturing through AI advancements, as emphasized by ASML’s leadership. Mistral’s CEO, Arthur Mensch, envisions this collaboration as pivotal in addressing engineering challenges within the semiconductor and AI sectors, leveraging strategic insights from ASML’s extensive industry experience.
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